According to the most recent data on the cost of living, Oak Park has an overall cost of living index of 93 which is 0.9x lower than the national index of 100.
Compared to only Michigan, Oak Park has a cost of living index that's 1.0x higher than Michigan's index of 91.
The standard of living in Oak Park ranks as #2,137 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Oak Park ranks as the #4,282 most expensive place in the Wolverine State.
|Living Expense||Oak Park||Michigan||National Average|
Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Statistic||Oak Park||Michigan||United States|
|Median Home Value||$129,800||$162,600||$229,800|
|Home Value To Income||2.4x||2.7x||3.5x|
|Rent To Monthly Income||0.25x||0.18x||0.2x|
|City||Population||Cost Of Living||Vs. Oak Park|
|Rochester Hills, MI||74,340||111||1.2x|
|Royal Oak, MI||59,256||101||1.1x|
|Madison Heights, MI||30,000||88||0.9x|
|Hazel Park, MI||16,452||90||1.0x|