Madison Heights, MI Cost Of Living

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

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 88, with 100 being the average.

  • The cost of living index in Madison Heights is 0.9x lower than the national average.

  • Madison Heights ranks as the #64 cheapest in Michigan out of 175.

  • Madison Heights ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Madison Heights is $149,500.

  • The median income in Madison Heights is $58,537.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Madison Heights's Overall Cost Of Living
0.9x
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 88, which is 0.9x lower than the national index of 100.

Compared to Michigan, Madison Heights has a cost of living index that's 1.0x lower than Michigan's index of 92.

The standard of living in Madison Heights ranks as #64 most affordable out of the 175 places we measured in Michigan. By definition, that implies Madison Heights ranks as the #111 most expensive place in the Wolverine State.

For more reading on life in Madison Heights, check out:

64 out of 175
In Michigan
1,278 out of 6,412
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 107.

  • The Groceries index in Madison Heights is 99.

  • The Health index in Madison Heights is 96.

  • The Housing index in Madison Heights is 60.

  • The Transportation index in Madison Heights is 109.

  • The Utilities index in Madison Heights is 94.

Living Expense Madison Heights Michigan National Average
Overall 88 92 100
Services 107 96 100
Groceries 99 96 100
Health 96 94 100
Housing 60 80 100
Transportation 109 97 100
Utilities 94 100 100
For more reading on cost of living around Michigan, check out:
Madison Heights Cost of Living Vs. MI

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 2017-2021. The key points are:

  • The Median Home Value in Madison Heights is $149,500.

  • The Median Rent in Madison Heights is $989.

  • The Median Income in Madison Heights is $58,537.

  • The Home Value To Income in Madison Heights is 2.6x.

  • The Rent To Monthly Income in Madison Heights is 0.2x.

Statistic Madison Heights Michigan United States
Median Home Value $149,500 $172,100 $244,900
Median Rent $989 $946 $1,163
Median Income $58,537 $63,202 $69,021
Home Value To Income 2.6x 2.7x 3.5x
Rent To Monthly Income 0.2x 0.18x 0.2x
Search Homes For Sale In Madison Heights, MI
$149,500
Median Home Value
$989
Median Rent
$58,537
Median Income

Madison Heights, MI Costs By Category

Detailed Madison Heights Services Costs Vs. Michigan

Item Madison Heights 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 Madison Heights Groceries Costs Vs. Michigan

Item Madison Heights 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 Madison Heights Health Costs Vs. Michigan

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

Detailed Madison Heights Transportation Costs Vs. Michigan

Item Madison Heights Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Madison Heights Utilities Costs Vs. Michigan

Item Madison Heights Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Madison Heights SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
7
Affordability
7
Diversity
8
Safety
6
Amenities
9.5
Education
7
Commute
8

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 90, 1.0x Madison Heights.

  • Troy, MI has a cost of living index of 113, 1.3x Madison Heights.

  • Rochester Hills, MI has a cost of living index of 111, 1.3x Madison Heights.

City Population Cost Of Living Vs. Madison Heights
Warren, MI 138,996 90 1.0x
Troy, MI 86,912 113 1.3x
Rochester Hills, MI 75,990 111 1.3x
Novi, MI 65,369 113 1.3x
Royal Oak, MI 58,368 101 1.1x
Oak Park, MI 29,677 93 1.1x
Birmingham, MI 21,728 134 1.5x
Ferndale, MI 19,414 94 1.1x
Berkley, MI 15,234 102 1.2x
Hazel Park, MI 15,213 90 1.0x

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