Rochester Hills, MI Cost Of Living
Cost Of Living In Rochester Hills, MI Summary
Cost of living in Rochester Hills 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 Rochester Hills 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 Rochester Hills is 118, with 100 being the average.
The cost of living index in Rochester Hills is 1.2x higher than the national average.
Rochester Hills ranks as the #167 cheapest in Michigan out of 180.
Rochester Hills ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Rochester Hills is $453,081.
The median income in Rochester Hills is $119,054.
Table Of Contents
Rochester Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Rochester Hills, MI?
According to the most recent data on the cost of living, Rochester Hills has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Michigan, Rochester Hills has a cost of living index that's 1.3x higher than Michigan's index of 90.
The standard of living in Rochester Hills ranks as #167 most affordable out of the 180 places we measured in Michigan. By definition, that implies Rochester Hills ranks as the #13 most expensive place in the Wolverine State.
For more reading on life in Rochester Hills, check out:
In Michigan
In America
Rochester Hills Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Rochester Hills. Here is how it fairs on each of the criteria:
The Services index in Rochester Hills is 103.
The Groceries index in Rochester Hills is 102.
The Health index in Rochester Hills is 101.
The Housing index in Rochester Hills is 157.
The Transportation index in Rochester Hills is 101.
The Utilities index in Rochester Hills is 92.
| Living Expense | Rochester Hills | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 118 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 102 | 97 | 100 | |
| Health | 101 | 91 | 100 | |
| Housing | 157 | 72 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 92 | 99 | 100 | |
Rochester Hills, 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 Rochester Hills is $453,081.
The Median Rent in Rochester Hills is $1,606.
The Median Income in Rochester Hills is $119,054.
The Home Value To Income in Rochester Hills is 3.8x.
The Rent To Monthly Income in Rochester Hills is 0.16x.
| Statistic | Rochester Hills | Michigan | United States |
|---|---|---|---|
| Median Home Value | $453,081 | $258,642 | $303,400 |
| Median Rent | $1,606 | $1,084 | $1,348 |
| Median Income | $119,054 | $71,149 | $78,538 |
| Home Value To Income | 3.8x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Rochester Hills, MI Costs By Category
Detailed Rochester Hills Services Costs Vs. Michigan
| Item | Rochester Hills | 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 Rochester Hills Groceries Costs Vs. Michigan
| Item | Rochester Hills | 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 Rochester Hills Health Costs Vs. Michigan
| Item | Rochester Hills | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Rochester Hills Transportation Costs Vs. Michigan
| Item | Rochester Hills | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Rochester Hills Utilities Costs Vs. Michigan
| Item | Rochester Hills | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Rochester Hills SnackAbility
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Cost Of Living In Cities Around Rochester Hills
The cost of living varies in the cities and towns around Rochester Hills. 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, 0.9x Rochester Hills.
Troy, MI has a cost of living index of 120, 1.0x Rochester Hills.
Farmington Hills, MI has a cost of living index of 114, 1.0x Rochester Hills.
| City | Population | Cost Of Living | Vs. Rochester Hills |
|---|---|---|---|
| Sterling Heights, MI | 133,473 | 104 | 0.9x |
| Troy, MI | 87,307 | 120 | 1.0x |
| Farmington Hills, MI | 83,316 | 114 | 1.0x |
| Pontiac, MI | 61,914 | 84 | 0.7x |
| Royal Oak, MI | 57,880 | 107 | 0.9x |
| Auburn Hills, MI | 24,911 | 102 | 0.9x |
| Birmingham, MI | 21,612 | 149 | 1.3x |
| Berkley, MI | 15,084 | 108 | 0.9x |
| Rochester, MI | 12,939 | 125 | 1.1x |
| Farmington, MI | 11,472 | 108 | 0.9x |
