What is the cost of living in Oak Park, MI?
According to the most recent data on the cost of living, Oak Park has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to 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 #107 most affordable out of the 179 places we measured in Michigan. By definition, that implies Oak Park ranks as the #72 most expensive place in the Wolverine State.
For more reading on life in Oak Park, check out:
Oak Park Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Oak Park. Here is how it fares on each of the criteria:
The Services index in Oak Park is 101.
The Groceries index in Oak Park is 96.
The Health index in Oak Park is 86.
The Housing index in Oak Park is 97.
The Transportation index in Oak Park is 98.
The Utilities index in Oak Park is 99.
| Living Expense | Oak Park | Michigan | National Average |
|---|---|---|---|
| Overall | 95 | 91 | 100 |
| Services | 101 | 97 | 100 |
| Groceries | 96 | 98 | 100 |
| Health | 86 | 75 | 100 |
| Housing | 97 | 98 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 99 | 98 | 100 |
Oak Park Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Oak Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Oak Park, 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 2020-2024. The key points are:
The Median Home Value in Oak Park is $232,981.
The Median Rent in Oak Park is $1,396.
The Median Income in Oak Park is $71,510.
The Home Value To Income in Oak Park is 3.3x.
The Rent To Monthly Income in Oak Park is 0.23x.
Oak Park, MI Costs By Category
Detailed Oak Park Services costs vs. Michigan
Detailed Oak Park Groceries costs vs. Michigan
Detailed Oak Park Health costs vs. Michigan
Detailed Oak Park Transportation costs vs. Michigan
Oak Park SnackAbility
Cost Of Living In Cities Around Oak Park
The cost of living varies in the cities and towns around Oak Park. Here's a quick look at the cost of living in the most populous nearby places:
Troy, MI has a cost of living index of 114, 1.2x Oak Park.
Rochester Hills, MI has a cost of living index of 118, 1.2x Oak Park.
Southfield, MI has a cost of living index of 99, 1.0x Oak Park.
| City | Population | Cost Of Living | Vs. Oak Park |
|---|---|---|---|
| Troy, MI | 87,898 | 114 | 1.2x |
| Rochester Hills, MI | 77,089 | 118 | 1.2x |
| Southfield, MI | 76,236 | 99 | 1.0x |
| Novi, MI | 66,717 | 116 | 1.2x |
| Royal Oak, MI | 57,950 | 107 | 1.1x |
| Madison Heights, MI | 28,419 | 94 | 1.0x |
| Birmingham, MI | 21,763 | 146 | 1.5x |
| Ferndale, MI | 19,190 | 101 | 1.1x |
| Berkley, MI | 15,149 | 105 | 1.1x |
| Hazel Park, MI | 14,963 | 87 | 0.9x |
