Whitmore Lake, MI Cost Of Living
Cost Of Living In Whitmore Lake, MI Summary
Cost of living in Whitmore Lake 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 Whitmore Lake 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 Whitmore Lake is 102, with 100 being the average.
The cost of living index in Whitmore Lake is 1.0x higher than the national average.
Whitmore Lake ranks as the #145 cheapest in Michigan out of 180.
Whitmore Lake ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Whitmore Lake is $352,864.
The median income in Whitmore Lake is $78,038.
Table Of Contents
Whitmore Lake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Whitmore Lake, MI?
According to the most recent data on the cost of living, Whitmore Lake has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Michigan, Whitmore Lake has a cost of living index that's 1.1x higher than Michigan's index of 90.
The standard of living in Whitmore Lake ranks as #145 most affordable out of the 180 places we measured in Michigan. By definition, that implies Whitmore Lake ranks as the #35 most expensive place in the Wolverine State.
For more reading on life in Whitmore Lake, check out:
In Michigan
In America
Whitmore Lake Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Whitmore Lake. Here is how it fairs on each of the criteria:
The Services index in Whitmore Lake is 103.
The Groceries index in Whitmore Lake is 104.
The Health index in Whitmore Lake is 103.
The Housing index in Whitmore Lake is 105.
The Transportation index in Whitmore Lake is 98.
The Utilities index in Whitmore Lake is 95.
| Living Expense | Whitmore Lake | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 102 | 90 | 100 | |
| Services | 103 | 93 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 103 | 91 | 100 | |
| Housing | 105 | 72 | 100 | |
| Transportation | 98 | 96 | 100 | |
| Utilities | 95 | 99 | 100 | |
Whitmore 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 2019-2023. The key points are:
The Median Home Value in Whitmore Lake is $352,864.
The Median Rent in Whitmore Lake is $1,268.
The Median Income in Whitmore Lake is $78,038.
The Home Value To Income in Whitmore Lake is 4.5x.
The Rent To Monthly Income in Whitmore Lake is 0.19x.
| Statistic | Whitmore Lake | Michigan | United States |
|---|---|---|---|
| Median Home Value | $352,864 | $258,642 | $303,400 |
| Median Rent | $1,268 | $1,084 | $1,348 |
| Median Income | $78,038 | $71,149 | $78,538 |
| Home Value To Income | 4.5x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Whitmore Lake, MI Costs By Category
Detailed Whitmore Lake Services Costs Vs. Michigan
| Item | Whitmore 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 Whitmore Lake Groceries Costs Vs. Michigan
| Item | Whitmore 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 Whitmore Lake Health Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| Optometrist | $85.0 | $125.68 |
| Doctor | $103.33 | $135.78 |
| Dentist | $91.0 | $113.29 |
Detailed Whitmore Lake Transportation Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $56.0 | $59.92 |
Detailed Whitmore Lake Utilities Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| All Electricity | $219.2 | $193.99 |
| Phone | $184.44 | $192.25 |
Whitmore Lake SnackAbility
/10
Cost Of Living In Cities Around Whitmore Lake
The cost of living varies in the cities and towns around Whitmore Lake. Here's a quick look at the cost of living in the most populous nearby places:
Ann Arbor, MI has a cost of living index of 124, 1.2x Whitmore Lake.
Livonia, MI has a cost of living index of 104, 1.0x Whitmore Lake.
Farmington Hills, MI has a cost of living index of 114, 1.1x Whitmore Lake.
| City | Population | Cost Of Living | Vs. Whitmore Lake |
|---|---|---|---|
| Ann Arbor, MI | 121,179 | 124 | 1.2x |
| Livonia, MI | 94,058 | 104 | 1.0x |
| Farmington Hills, MI | 83,316 | 114 | 1.1x |
| Novi, MI | 66,224 | 118 | 1.2x |
| Ypsilanti, MI | 19,937 | 97 | 1.0x |
| Wixom, MI | 17,126 | 109 | 1.1x |
| South Lyon, MI | 11,825 | 106 | 1.0x |
| Farmington, MI | 11,472 | 108 | 1.1x |
| Plymouth, MI | 9,234 | 119 | 1.2x |
| Saline, MI | 8,976 | 110 | 1.1x |
