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 102, with 100 being the average.
The cost of living index in New Baltimore is 1.0x higher than the national average.
New Baltimore ranks as the #153 cheapest in Michigan out of 175.
New Baltimore ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in New Baltimore is $245,400.
The median income in New Baltimore is $82,464.
According to the most recent data on the cost of living, New Baltimore has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Michigan, New Baltimore has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in New Baltimore ranks as #153 most affordable out of the 175 places we measured in Michigan. By definition, that implies New Baltimore ranks as the #22 most expensive place in the Wolverine State.
For more reading on life in New Baltimore, check out:
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 110.
The Groceries index in New Baltimore is 101.
The Health index in New Baltimore is 98.
The Housing index in New Baltimore is 95.
The Transportation index in New Baltimore is 109.
The Utilities index in New Baltimore is 94.
|Living Expense||New Baltimore||Michigan||National Average|
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 New Baltimore is $245,400.
The Median Rent in New Baltimore is $848.
The Median Income in New Baltimore is $82,464.
The Home Value To Income in New Baltimore is 3.0x.
The Rent To Monthly Income in New Baltimore is 0.12x.
|Statistic||New Baltimore||Michigan||United States|
|Median Home Value||$245,400||$172,100||$244,900|
|Home Value To Income||3.0x||2.7x||3.5x|
|Rent To Monthly Income||0.12x||0.18x||0.2x|
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 97, 1.0x New Baltimore.
St. Clair Shores, MI has a cost of living index of 94, 0.9x New Baltimore.
Eastpointe, MI has a cost of living index of 90, 0.9x New Baltimore.
|City||Population||Cost Of Living||Vs. New Baltimore|
|Sterling Heights, MI||134,062||97||1.0x|
|St. Clair Shores, MI||59,046||94||0.9x|
|Grosse Pointe Woods, MI||16,353||107||1.0x|
|Mount Clemens, MI||15,735||89||0.9x|
|Harper Woods, MI||15,287||91||0.9x|
|St. Clair, MI||5,489||97||1.0x|