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 99, with 100 being the average.
The cost of living index in Whitmore Lake is 1.0x lower than the national average.
Whitmore Lake ranks as the #144 cheapest in Michigan out of 175.
Whitmore Lake ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Whitmore Lake is $203,200.
The median income in Whitmore Lake is $72,241.
Table Of Contents
Whitmore Lake's Overall Cost Of Living
Lower 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 99, which is 1.0x lower 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 92.
The standard of living in Whitmore Lake ranks as #144 most affordable out of the 175 places we measured in Michigan. By definition, that implies Whitmore Lake ranks as the #31 most expensive place in the Wolverine State.
For more reading on life in Whitmore Lake, check out:
- Living In Whitmore Lake
- Search Homes For Sale In Whitmore Lake, MI
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 110.
The Groceries index in Whitmore Lake is 102.
The Health index in Whitmore Lake is 98.
The Housing index in Whitmore Lake is 84.
The Transportation index in Whitmore Lake is 108.
The Utilities index in Whitmore Lake is 96.
| Living Expense | Whitmore Lake | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 99 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 102 | 96 | 100 | |
| Health | 98 | 94 | 100 | |
| Housing | 84 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 96 | 100 | 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 2017-2021. The key points are:
The Median Home Value in Whitmore Lake is $203,200.
The Median Rent in Whitmore Lake is $1,163.
The Median Income in Whitmore Lake is $72,241.
The Home Value To Income in Whitmore Lake is 2.8x.
The Rent To Monthly Income in Whitmore Lake is 0.19x.
| Statistic | Whitmore Lake | Michigan | United States |
|---|---|---|---|
| Median Home Value | $203,200 | $172,100 | $244,900 |
| Median Rent | $1,163 | $946 | $1,163 |
| Median Income | $72,241 | $63,202 | $69,021 |
| Home Value To Income | 2.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
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 | $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 Whitmore Lake Groceries Costs Vs. Michigan
| Item | Whitmore Lake | 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 Whitmore Lake Health Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| Optometrist | $81.52 | $108.57 |
| Doctor | $104.59 | $116.17 |
| Dentist | $99.57 | $99.13 |
Detailed Whitmore Lake Transportation Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $58.95 | $50.07 |
Detailed Whitmore Lake Utilities Costs Vs. Michigan
| Item | Whitmore Lake | Michigan |
|---|---|---|
| All Electricity | $159.51 | $167.67 |
| Phone | $178.81 | $175.64 |
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 113, 1.1x Whitmore Lake.
Livonia, MI has a cost of living index of 102, 1.0x Whitmore Lake.
Farmington Hills, MI has a cost of living index of 107, 1.1x Whitmore Lake.
| City | Population | Cost Of Living | Vs. Whitmore Lake |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.1x |
| Livonia, MI | 95,294 | 102 | 1.0x |
| Farmington Hills, MI | 83,749 | 107 | 1.1x |
| Novi, MI | 65,369 | 113 | 1.1x |
| Ypsilanti, MI | 20,448 | 96 | 1.0x |
| Wixom, MI | 16,853 | 101 | 1.0x |
| South Lyon, MI | 11,786 | 101 | 1.0x |
| Farmington, MI | 11,481 | 99 | 1.0x |
| Plymouth, MI | 9,308 | 109 | 1.1x |
| Saline, MI | 9,072 | 102 | 1.0x |
