Madison Heights, MI Cost Of Living
Cost Of Living In Madison Heights, MI Summary
Cost of living in Madison Heights 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 Madison Heights 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 Madison Heights is 97, with 100 being the average.
The cost of living index in Madison Heights is 1.0x lower than the national average.
Madison Heights ranks as the #117 cheapest in Michigan out of 180.
Madison Heights ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Madison Heights is $216,266.
The median income in Madison Heights is $66,726.
Table Of Contents
Madison Heights's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Madison Heights, MI?
According to the most recent data on the cost of living, Madison Heights has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Michigan, Madison Heights has a cost of living index that's 1.1x higher than Michigan's index of 90.
The standard of living in Madison Heights ranks as #117 most affordable out of the 180 places we measured in Michigan. By definition, that implies Madison Heights ranks as the #63 most expensive place in the Wolverine State.
For more reading on life in Madison Heights, check out:
In Michigan
In America
Madison Heights Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Madison Heights. Here is how it fairs on each of the criteria:
The Services index in Madison Heights is 103.
The Groceries index in Madison Heights is 103.
The Health index in Madison Heights is 101.
The Housing index in Madison Heights is 85.
The Transportation index in Madison Heights is 102.
The Utilities index in Madison Heights is 92.
| Living Expense | Madison Heights | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 97 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 103 | 97 | 100 | |
| Health | 101 | 91 | 100 | |
| Housing | 85 | 72 | 100 | |
| Transportation | 102 | 96 | 100 | |
| Utilities | 92 | 99 | 100 | |
Madison Heights, 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 Madison Heights is $216,266.
The Median Rent in Madison Heights is $1,138.
The Median Income in Madison Heights is $66,726.
The Home Value To Income in Madison Heights is 3.2x.
The Rent To Monthly Income in Madison Heights is 0.2x.
| Statistic | Madison Heights | Michigan | United States |
|---|---|---|---|
| Median Home Value | $216,266 | $258,642 | $303,400 |
| Median Rent | $1,138 | $1,084 | $1,348 |
| Median Income | $66,726 | $71,149 | $78,538 |
| Home Value To Income | 3.2x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Madison Heights, MI Costs By Category
Detailed Madison Heights Services Costs Vs. Michigan
| Item | Madison Heights | 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 Madison Heights Groceries Costs Vs. Michigan
| Item | Madison Heights | 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 Madison Heights Health Costs Vs. Michigan
| Item | Madison Heights | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Madison Heights Transportation Costs Vs. Michigan
| Item | Madison Heights | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Madison Heights Utilities Costs Vs. Michigan
| Item | Madison Heights | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Madison Heights SnackAbility
/10
Cost Of Living In Cities Around Madison Heights
The cost of living varies in the cities and towns around Madison Heights. Here's a quick look at the cost of living in the most populous nearby places:
Warren, MI has a cost of living index of 95, 1.0x Madison Heights.
Troy, MI has a cost of living index of 120, 1.2x Madison Heights.
Rochester Hills, MI has a cost of living index of 118, 1.2x Madison Heights.
| City | Population | Cost Of Living | Vs. Madison Heights |
|---|---|---|---|
| Warren, MI | 138,128 | 95 | 1.0x |
| Troy, MI | 87,307 | 120 | 1.2x |
| Rochester Hills, MI | 76,086 | 118 | 1.2x |
| Novi, MI | 66,224 | 118 | 1.2x |
| Royal Oak, MI | 57,880 | 107 | 1.1x |
| Oak Park, MI | 29,370 | 96 | 1.0x |
| Birmingham, MI | 21,612 | 149 | 1.5x |
| Ferndale, MI | 19,156 | 101 | 1.0x |
| Berkley, MI | 15,084 | 108 | 1.1x |
| Hazel Park, MI | 14,945 | 90 | 0.9x |
