New Baltimore, MI Cost Of Living
Cost Of Living In New Baltimore, MI Summary
Cost of living in New Baltimore 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 New Baltimore 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 New Baltimore is 107, with 100 being the average.
The cost of living index in New Baltimore is 1.1x higher than the national average.
New Baltimore ranks as the #154 cheapest in Michigan out of 180.
New Baltimore ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in New Baltimore is $350,790.
The median income in New Baltimore is $97,027.
Table Of Contents
New Baltimore's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Baltimore, MI?
According to the most recent data on the cost of living, New Baltimore has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Michigan, New Baltimore has a cost of living index that's 1.2x higher than Michigan's index of 90.
The standard of living in New Baltimore ranks as #154 most affordable out of the 180 places we measured in Michigan. By definition, that implies New Baltimore ranks as the #26 most expensive place in the Wolverine State.
For more reading on life in New Baltimore, check out:
In Michigan
In America
New Baltimore Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in New Baltimore. Here is how it fairs on each of the criteria:
The Services index in New Baltimore is 104.
The Groceries index in New Baltimore is 104.
The Health index in New Baltimore is 103.
The Housing index in New Baltimore is 115.
The Transportation index in New Baltimore is 100.
The Utilities index in New Baltimore is 96.
| Living Expense | New Baltimore | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 107 | 90 | 100 | |
| Services | 104 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 103 | 91 | 100 | |
| Housing | 115 | 72 | 100 | |
| Transportation | 100 | 96 | 100 | |
| Utilities | 96 | 99 | 100 | |
New Baltimore, 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 New Baltimore is $350,790.
The Median Rent in New Baltimore is $1,081.
The Median Income in New Baltimore is $97,027.
The Home Value To Income in New Baltimore is 3.6x.
The Rent To Monthly Income in New Baltimore is 0.13x.
| Statistic | New Baltimore | Michigan | United States |
|---|---|---|---|
| Median Home Value | $350,790 | $258,642 | $303,400 |
| Median Rent | $1,081 | $1,084 | $1,348 |
| Median Income | $97,027 | $71,149 | $78,538 |
| Home Value To Income | 3.6x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
New Baltimore, MI Costs By Category
Detailed New Baltimore Services Costs Vs. Michigan
| Item | New Baltimore | 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 New Baltimore Groceries Costs Vs. Michigan
| Item | New Baltimore | 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 New Baltimore Health Costs Vs. Michigan
| Item | New Baltimore | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed New Baltimore Transportation Costs Vs. Michigan
| Item | New Baltimore | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed New Baltimore Utilities Costs Vs. Michigan
| Item | New Baltimore | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
New Baltimore SnackAbility
/10
Cost Of Living In Cities Around New Baltimore
The cost of living varies in the cities and towns around New Baltimore. Here's a quick look at the cost of living in the most populous nearby places:
Sterling Heights, MI has a cost of living index of 104, 1.0x New Baltimore.
St. Clair Shores, MI has a cost of living index of 96, 0.9x New Baltimore.
Eastpointe, MI has a cost of living index of 88, 0.8x New Baltimore.
| City | Population | Cost Of Living | Vs. New Baltimore |
|---|---|---|---|
| Sterling Heights, MI | 133,473 | 104 | 1.0x |
| St. Clair Shores, MI | 58,287 | 96 | 0.9x |
| Eastpointe, MI | 34,003 | 88 | 0.8x |
| Grosse Pointe Woods, MI | 16,177 | 112 | 1.0x |
| Mount Clemens, MI | 15,567 | 89 | 0.8x |
| Harper Woods, MI | 15,205 | 91 | 0.9x |
| Fraser, MI | 14,604 | 97 | 0.9x |
| Rochester, MI | 12,939 | 125 | 1.2x |
| New Haven, MI | 6,341 | 99 | 0.9x |
| Richmond, MI | 5,839 | 98 | 0.9x |
