Lincoln Park, MI Cost Of Living
Cost Of Living In Lincoln Park, MI Summary
Cost of living in Lincoln Park 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 Lincoln Park 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 Lincoln Park is 88, with 100 being the average.
The cost of living index in Lincoln Park is 0.9x lower than the national average.
Lincoln Park ranks as the #56 cheapest in Michigan out of 180.
Lincoln Park ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Lincoln Park is $152,158.
The median income in Lincoln Park is $57,183.
Table Of Contents
Lincoln Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lincoln Park, MI?
According to the most recent data on the cost of living, Lincoln Park has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Michigan, Lincoln Park has a cost of living index that's 1.0x lower than Michigan's index of 90.
The standard of living in Lincoln Park ranks as #56 most affordable out of the 180 places we measured in Michigan. By definition, that implies Lincoln Park ranks as the #124 most expensive place in the Wolverine State.
For more reading on life in Lincoln Park, check out:
In Michigan
In America
Lincoln Park Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Lincoln Park. Here is how it fairs on each of the criteria:
The Services index in Lincoln Park is 104.
The Groceries index in Lincoln Park is 104.
The Health index in Lincoln Park is 103.
The Housing index in Lincoln Park is 56.
The Transportation index in Lincoln Park is 101.
The Utilities index in Lincoln Park is 92.
| Living Expense | Lincoln Park | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 88 | 90 | 100 | |
| Services | 104 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 103 | 91 | 100 | |
| Housing | 56 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 92 | 99 | 100 | |
Lincoln Park, 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 2019-2023. The key points are:
The Median Home Value in Lincoln Park is $152,158.
The Median Rent in Lincoln Park is $972.
The Median Income in Lincoln Park is $57,183.
The Home Value To Income in Lincoln Park is 2.7x.
The Rent To Monthly Income in Lincoln Park is 0.2x.
| Statistic | Lincoln Park | Michigan | United States |
|---|---|---|---|
| Median Home Value | $152,158 | $258,642 | $303,400 |
| Median Rent | $972 | $1,084 | $1,348 |
| Median Income | $57,183 | $71,149 | $78,538 |
| Home Value To Income | 2.7x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Lincoln Park, MI Costs By Category
Detailed Lincoln Park Services Costs Vs. Michigan
| Item | Lincoln Park | Michigan |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $12.99 | $12.13 |
| Bowling | $12.33 | $18 |
| Haircut | $16.8 | $24.26 |
| Beauty Salon | $24.78 | $45.56 |
Detailed Lincoln Park Groceries Costs Vs. Michigan
| Item | Lincoln Park | Michigan |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $4.8 | $4.93 |
| Pizza | $8.99 | $12.09 |
| Beer | $9.04 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Lincoln Park Health Costs Vs. Michigan
| Item | Lincoln Park | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Lincoln Park Transportation Costs Vs. Michigan
| Item | Lincoln Park | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Lincoln Park Utilities Costs Vs. Michigan
| Item | Lincoln Park | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Lincoln Park SnackAbility
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Cost Of Living In Cities Around Lincoln Park
The cost of living varies in the cities and towns around Lincoln Park. 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 98, 1.1x Lincoln Park.
Livonia, MI has a cost of living index of 104, 1.2x Lincoln Park.
Farmington Hills, MI has a cost of living index of 114, 1.3x Lincoln Park.
| City | Population | Cost Of Living | Vs. Lincoln Park |
|---|---|---|---|
| Dearborn, MI | 107,846 | 98 | 1.1x |
| Livonia, MI | 94,058 | 104 | 1.2x |
| Farmington Hills, MI | 83,316 | 114 | 1.3x |
| Taylor, MI | 62,405 | 90 | 1.0x |
| Royal Oak, MI | 57,880 | 107 | 1.2x |
| Southgate, MI | 29,551 | 91 | 1.0x |
| Allen Park, MI | 28,128 | 97 | 1.1x |
| Wyandotte, MI | 24,593 | 92 | 1.0x |
| Trenton, MI | 18,242 | 97 | 1.1x |
| Berkley, MI | 15,084 | 108 | 1.2x |
