Taylor, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Taylor, MI Summary

Cost of living in Taylor 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 Taylor 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 Taylor is 88, with 100 being the average.

  • The cost of living index in Taylor is 0.9x lower than the national average.

  • Taylor ranks as the #64 cheapest in Michigan out of 175.

  • Taylor ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Taylor is $116,600.

  • The median income in Taylor is $55,358.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Taylor's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Taylor, MI?

According to the most recent data on the cost of living, Taylor has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.

Compared to Michigan, Taylor has a cost of living index that's 1.0x lower than Michigan's index of 92.

The standard of living in Taylor ranks as #64 most affordable out of the 175 places we measured in Michigan. By definition, that implies Taylor ranks as the #111 most expensive place in the Wolverine State.

For more reading on life in Taylor, check out:

64 out of 175
In Michigan
1,278 out of 6,412
In America

Taylor Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Taylor. Here is how it fairs on each of the criteria:

  • The Services index in Taylor is 109.

  • The Groceries index in Taylor is 101.

  • The Health index in Taylor is 97.

  • The Housing index in Taylor is 56.

  • The Transportation index in Taylor is 108.

  • The Utilities index in Taylor is 97.

Living Expense Taylor Michigan National Average
Overall 88 92 100
Services 109 96 100
Groceries 101 96 100
Health 97 94 100
Housing 56 80 100
Transportation 108 97 100
Utilities 97 100 100
For more reading on cost of living around Michigan, check out:
Taylor Cost of Living Vs. MI

Taylor, 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 Taylor is $116,600.

  • The Median Rent in Taylor is $895.

  • The Median Income in Taylor is $55,358.

  • The Home Value To Income in Taylor is 2.1x.

  • The Rent To Monthly Income in Taylor is 0.19x.

Statistic Taylor Michigan United States
Median Home Value $116,600 $172,100 $244,900
Median Rent $895 $946 $1,163
Median Income $55,358 $63,202 $69,021
Home Value To Income 2.1x 2.7x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Taylor, MI
$116,600
Median Home Value
$895
Median Rent
$55,358
Median Income

Taylor, MI Costs By Category

Detailed Taylor Services Costs Vs. Michigan

Item Taylor Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05

Detailed Taylor Groceries Costs Vs. Michigan

Item Taylor Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Toothpaste $2.43 $2.34

Detailed Taylor Health Costs Vs. Michigan

Item Taylor Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Taylor Transportation Costs Vs. Michigan

Item Taylor Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Taylor Utilities Costs Vs. Michigan

Item Taylor Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Taylor SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8
Diversity
8.5
Safety
5
Amenities
9
Education
5
Commute
8

Cost Of Living In Cities Around Taylor

The cost of living varies in the cities and towns around Taylor. Here's a quick look at the cost of living in the most populous nearby places:

  • Dearborn, MI has a cost of living index of 96, 1.1x Taylor.

  • Livonia, MI has a cost of living index of 102, 1.2x Taylor.

  • Farmington Hills, MI has a cost of living index of 107, 1.2x Taylor.

City Population Cost Of Living Vs. Taylor
Dearborn, MI 107,985 96 1.1x
Livonia, MI 95,294 102 1.2x
Farmington Hills, MI 83,749 107 1.2x
Lincoln Park, MI 39,741 89 1.0x
Southgate, MI 29,990 92 1.0x
Allen Park, MI 28,431 91 1.0x
Inkster, MI 25,849 83 0.9x
Wyandotte, MI 24,992 88 1.0x
Romulus, MI 24,977 91 1.0x
Berkley, MI 15,234 102 1.2x

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