What is the cost of living in Walled Lake, MI?
According to the most recent data on the cost of living, Walled Lake has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Michigan, Walled Lake has a cost of living index that's 1.0x higher than Michigan's index of 91.
The standard of living in Walled Lake ranks as #107 most affordable out of the 179 places we measured in Michigan. By definition, that implies Walled Lake ranks as the #72 most expensive place in the Wolverine State.
For more reading on life in Walled Lake, check out:
Walled Lake Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Walled Lake. Here is how it fares on each of the criteria:
The Services index in Walled Lake is 96.
The Groceries index in Walled Lake is 96.
The Health index in Walled Lake is 88.
The Housing index in Walled Lake is 97.
The Transportation index in Walled Lake is 98.
The Utilities index in Walled Lake is 96.
| Living Expense | Walled Lake | Michigan | National Average |
|---|---|---|---|
| Overall | 95 | 91 | 100 |
| Services | 96 | 97 | 100 |
| Groceries | 96 | 98 | 100 |
| Health | 88 | 75 | 100 |
| Housing | 97 | 98 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 96 | 98 | 100 |
Walled Lake 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 Walled Lake Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Walled Lake, 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 Walled Lake is $242,299.
The Median Rent in Walled Lake is $1,419.
The Median Income in Walled Lake is $72,055.
The Home Value To Income in Walled Lake is 3.4x.
The Rent To Monthly Income in Walled Lake is 0.24x.
| Statistic | Walled Lake | Michigan | United States |
|---|---|---|---|
| Median Home Value | $242,299 | $259,857 | $332,700 |
| Median Rent | $1,419 | $1,129 | $1,413 |
| Median Income | $72,055 | $72,875 | $80,734 |
| Home Value To Income | 3.4x | 3.6x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.21x |
Walled Lake, MI Costs By Category
Detailed Walled Lake Services costs vs. Michigan
| Item | Walled Lake | 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 Walled Lake Groceries costs vs. Michigan
| Item | Walled Lake | 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 Walled Lake Health costs vs. Michigan
| Item | Walled Lake | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Walled Lake Transportation costs vs. Michigan
| Item | Walled Lake | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Walled Lake Utilities costs vs. Michigan
| Item | Walled Lake | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Walled Lake SnackAbility
Cost Of Living In Cities Around Walled Lake
The cost of living varies in the cities and towns around Walled Lake. 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 Walled Lake.
Farmington Hills, MI has a cost of living index of 112, 1.2x Walled Lake.
Rochester Hills, MI has a cost of living index of 118, 1.2x Walled Lake.
| City | Population | Cost Of Living | Vs. Walled Lake |
|---|---|---|---|
| Troy, MI | 87,898 | 114 | 1.2x |
| Farmington Hills, MI | 83,515 | 112 | 1.2x |
| Rochester Hills, MI | 77,089 | 118 | 1.2x |
| Novi, MI | 66,717 | 116 | 1.2x |
| Royal Oak, MI | 57,950 | 107 | 1.1x |
| Birmingham, MI | 21,763 | 146 | 1.5x |
| Wixom, MI | 17,295 | 104 | 1.1x |
| Berkley, MI | 15,149 | 105 | 1.1x |
| Farmington, MI | 11,504 | 105 | 1.1x |
| Clawson, MI | 11,374 | 101 | 1.1x |
