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 91.
The standard of living in Taylor ranks as #56 most affordable out of the 179 places we measured in Michigan. By definition, that implies Taylor ranks as the #123 most expensive place in the Wolverine State.
For more reading on life in Taylor, check out:
Taylor Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Taylor. Here is how it fares on each of the criteria:
The Services index in Taylor is 94.
The Groceries index in Taylor is 99.
The Health index in Taylor is 70.
The Housing index in Taylor is 102.
The Transportation index in Taylor is 102.
The Utilities index in Taylor is 98.
| Living Expense | Taylor | Michigan | National Average |
|---|---|---|---|
| Overall | 88 | 91 | 100 |
| Services | 94 | 97 | 100 |
| Groceries | 99 | 98 | 100 |
| Health | 70 | 75 | 100 |
| Housing | 102 | 98 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 98 | 98 | 100 |
Taylor 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 Taylor Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
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 2020-2024. The key points are:
The Median Home Value in Taylor is $175,806.
The Median Rent in Taylor is $1,101.
The Median Income in Taylor is $61,081.
The Home Value To Income in Taylor is 2.9x.
The Rent To Monthly Income in Taylor is 0.22x.
Taylor, MI Costs By Category
Detailed Taylor Services costs vs. Michigan
Detailed Taylor Groceries costs vs. Michigan
Detailed Taylor Health costs vs. Michigan
Detailed Taylor Transportation costs vs. Michigan
Taylor SnackAbility
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 97, 1.1x Taylor.
Livonia, MI has a cost of living index of 101, 1.1x Taylor.
Farmington Hills, MI has a cost of living index of 112, 1.3x Taylor.
| City | Population | Cost Of Living | Vs. Taylor |
|---|---|---|---|
| Dearborn, MI | 107,423 | 97 | 1.1x |
| Livonia, MI | 93,851 | 101 | 1.1x |
| Farmington Hills, MI | 83,515 | 112 | 1.3x |
| Lincoln Park, MI | 39,257 | 87 | 1.0x |
| Southgate, MI | 29,366 | 94 | 1.1x |
| Allen Park, MI | 27,925 | 94 | 1.1x |
| Inkster, MI | 25,428 | 84 | 1.0x |
| Romulus, MI | 24,831 | 90 | 1.0x |
| Wyandotte, MI | 24,489 | 88 | 1.0x |
| Berkley, MI | 15,149 | 105 | 1.2x |
