Houghton, MI Cost Of Living
Cost Of Living In Houghton, MI Summary
Cost of living in Houghton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Houghton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Houghton is 85, with 100 being the average.
The cost of living index in Houghton is 0.8x lower than the national average.
Houghton ranks as the #46 cheapest in Michigan out of 175.
Houghton ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Houghton is $173,200.
The median income in Houghton is $24,660.
Table Of Contents
Houghton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Houghton, MI?
According to the most recent data on the cost of living, Houghton has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Michigan, Houghton has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Houghton ranks as #46 most affordable out of the 175 places we measured in Michigan. By definition, that implies Houghton ranks as the #129 most expensive place in the Wolverine State.
For more reading on life in Houghton, check out:
- Living In Houghton
- Houghton Crime Report
- Search Homes For Sale In Houghton, MI
In Michigan
In America
Houghton Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Houghton. Here is how it fairs on each of the criteria:
The Services index in Houghton is 93.
The Groceries index in Houghton is 95.
The Health index in Houghton is 99.
The Housing index in Houghton is 74.
The Transportation index in Houghton is 88.
The Utilities index in Houghton is 95.
| Living Expense | Houghton | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 93 | 96 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 99 | 94 | 100 | |
| Housing | 74 | 80 | 100 | |
| Transportation | 88 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Houghton, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Houghton is $173,200.
The Median Rent in Houghton is $752.
The Median Income in Houghton is $24,660.
The Home Value To Income in Houghton is 7.0x.
The Rent To Monthly Income in Houghton is 0.37x.
| Statistic | Houghton | Michigan | United States |
|---|---|---|---|
| Median Home Value | $173,200 | $172,100 | $244,900 |
| Median Rent | $752 | $946 | $1,163 |
| Median Income | $24,660 | $63,202 | $69,021 |
| Home Value To Income | 7.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.37x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Houghton, MI Costs By Category
Detailed Houghton Services Costs Vs. Michigan
Detailed Houghton Groceries Costs Vs. Michigan
Detailed Houghton Health Costs Vs. Michigan
Detailed Houghton Transportation Costs Vs. Michigan
Detailed Houghton Utilities Costs Vs. Michigan
Houghton SnackAbility
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