Pontiac, MI Cost Of Living
Cost Of Living In Pontiac, MI Summary
Cost of living in Pontiac 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 Pontiac 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 Pontiac is 88, with 100 being the average.
The cost of living index in Pontiac is 0.9x lower than the national average.
Pontiac ranks as the #64 cheapest in Michigan out of 175.
Pontiac ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Pontiac is $78,900.
The median income in Pontiac is $36,214.
Table Of Contents
Pontiac's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pontiac, MI?
According to the most recent data on the cost of living, Pontiac has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Michigan, Pontiac has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Pontiac ranks as #64 most affordable out of the 175 places we measured in Michigan. By definition, that implies Pontiac ranks as the #111 most expensive place in the Wolverine State.
For more reading on life in Pontiac, check out:
- Living In Pontiac
- Pontiac Crime Report
- Search Homes For Sale In Pontiac, MI
In Michigan
In America
Pontiac Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Pontiac. Here is how it fairs on each of the criteria:
The Services index in Pontiac is 111.
The Groceries index in Pontiac is 101.
The Health index in Pontiac is 97.
The Housing index in Pontiac is 44.
The Transportation index in Pontiac is 106.
The Utilities index in Pontiac is 97.
| Living Expense | Pontiac | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 111 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 44 | 80 | 100 | |
| Transportation | 106 | 97 | 100 | |
| Utilities | 97 | 100 | 100 | |
Pontiac, 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 Pontiac is $78,900.
The Median Rent in Pontiac is $856.
The Median Income in Pontiac is $36,214.
The Home Value To Income in Pontiac is 2.2x.
The Rent To Monthly Income in Pontiac is 0.28x.
| Statistic | Pontiac | Michigan | United States |
|---|---|---|---|
| Median Home Value | $78,900 | $172,100 | $244,900 |
| Median Rent | $856 | $946 | $1,163 |
| Median Income | $36,214 | $63,202 | $69,021 |
| Home Value To Income | 2.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Pontiac, MI Costs By Category
Detailed Pontiac Services Costs Vs. Michigan
Detailed Pontiac Groceries Costs Vs. Michigan
Detailed Pontiac Health Costs Vs. Michigan
Detailed Pontiac Transportation Costs Vs. Michigan
Detailed Pontiac Utilities Costs Vs. Michigan
Pontiac SnackAbility
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Cost Of Living In Cities Around Pontiac
The cost of living varies in the cities and towns around Pontiac. 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 113, 1.3x Pontiac.
Rochester Hills, MI has a cost of living index of 111, 1.3x Pontiac.
Novi, MI has a cost of living index of 113, 1.3x Pontiac.
| City | Population | Cost Of Living | Vs. Pontiac |
|---|---|---|---|
| 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 |
| Auburn Hills, MI | 24,202 | 97 | 1.1x |
| Birmingham, MI | 21,728 | 134 | 1.5x |
| Berkley, MI | 15,234 | 102 | 1.2x |
| Rochester, MI | 13,048 | 117 | 1.3x |
| Clawson, MI | 11,482 | 99 | 1.1x |
| Huntington Woods, MI | 6,382 | 123 | 1.4x |
