Inkster, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Inkster, MI Summary

Cost of living in Inkster 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 Inkster 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 Inkster is 83, with 100 being the average.

  • The cost of living index in Inkster is 0.8x lower than the national average.

  • Inkster ranks as the #30 cheapest in Michigan out of 175.

  • Inkster ranks as the #491 cheapest out of 6,412 in the US.

  • The median home value in Inkster is $59,900.

  • The median income in Inkster is $34,122.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
83
Inkster's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Inkster, MI?

According to the most recent data on the cost of living, Inkster has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.

Compared to Michigan, Inkster has a cost of living index that's 0.9x lower than Michigan's index of 92.

The standard of living in Inkster ranks as #30 most affordable out of the 175 places we measured in Michigan. By definition, that implies Inkster ranks as the #145 most expensive place in the Wolverine State.

For more reading on life in Inkster, check out:

30 out of 175
In Michigan
491 out of 6,412
In America

Inkster Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Inkster. Here is how it fairs on each of the criteria:

  • The Services index in Inkster is 109.

  • The Groceries index in Inkster is 101.

  • The Health index in Inkster is 95.

  • The Housing index in Inkster is 42.

  • The Transportation index in Inkster is 106.

  • The Utilities index in Inkster is 95.

Living Expense Inkster Michigan National Average
Overall 83 92 100
Services 109 96 100
Groceries 101 96 100
Health 95 94 100
Housing 42 80 100
Transportation 106 97 100
Utilities 95 100 100
For more reading on cost of living around Michigan, check out:
Inkster Cost of Living Vs. MI

Inkster, 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 Inkster is $59,900.

  • The Median Rent in Inkster is $979.

  • The Median Income in Inkster is $34,122.

  • The Home Value To Income in Inkster is 1.8x.

  • The Rent To Monthly Income in Inkster is 0.34x.

Statistic Inkster Michigan United States
Median Home Value $59,900 $172,100 $244,900
Median Rent $979 $946 $1,163
Median Income $34,122 $63,202 $69,021
Home Value To Income 1.8x 2.7x 3.5x
Rent To Monthly Income 0.34x 0.18x 0.2x
Search Homes For Sale In Inkster, MI
$59,900
Median Home Value
$979
Median Rent
$34,122
Median Income

Inkster, MI Costs By Category

Detailed Inkster Services Costs Vs. Michigan

Item Inkster Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05

Detailed Inkster Groceries Costs Vs. Michigan

Item Inkster Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Toothpaste $2.43 $2.34

Detailed Inkster Health Costs Vs. Michigan

Item Inkster Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Inkster Transportation Costs Vs. Michigan

Item Inkster Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Inkster Utilities Costs Vs. Michigan

Item Inkster Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Inkster SnackAbility

3
/10
Overall SnackAbility
Jobs
3/10
Housing
5
Affordability
7
Diversity
8
Safety
4
Amenities
9
Education
4
Commute
6

Cost Of Living In Cities Around Inkster

The cost of living varies in the cities and towns around Inkster. Here's a quick look at the cost of living in the most populous nearby places:

  • Dearborn, MI has a cost of living index of 96, 1.2x Inkster.

  • Livonia, MI has a cost of living index of 102, 1.2x Inkster.

  • Westland, MI has a cost of living index of 92, 1.1x Inkster.

City Population Cost Of Living Vs. Inkster
Dearborn, MI 107,985 96 1.2x
Livonia, MI 95,294 102 1.2x
Westland, MI 84,961 92 1.1x
Novi, MI 65,369 113 1.4x
Taylor, MI 63,071 88 1.1x
Dearborn Heights, MI 62,334 91 1.1x
Royal Oak, MI 58,368 101 1.2x
Allen Park, MI 28,431 91 1.1x
Romulus, MI 24,977 91 1.1x
Birmingham, MI 21,728 134 1.6x

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