Wyoming, MI Cost Of Living

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

Cost Of Living In Wyoming, MI Summary

Cost of living in Wyoming 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 Wyoming 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 Wyoming is 89, with 100 being the average.

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

  • Wyoming ranks as the #73 cheapest in Michigan out of 175.

  • Wyoming ranks as the #1,460 cheapest out of 6,412 in the US.

  • The median home value in Wyoming is $150,000.

  • The median income in Wyoming is $61,128.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
89
Wyoming's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Wyoming, MI?

According to the most recent data on the cost of living, Wyoming has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.

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

The standard of living in Wyoming ranks as #73 most affordable out of the 175 places we measured in Michigan. By definition, that implies Wyoming ranks as the #102 most expensive place in the Wolverine State.

For more reading on life in Wyoming, check out:

73 out of 175
In Michigan
1,460 out of 6,412
In America

Wyoming Cost Of Living Vs. Michigan

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

  • The Services index in Wyoming is 95.

  • The Groceries index in Wyoming is 91.

  • The Health index in Wyoming is 93.

  • The Housing index in Wyoming is 60.

  • The Transportation index in Wyoming is 108.

  • The Utilities index in Wyoming is 101.

Living Expense Wyoming Michigan National Average
Overall 89 92 100
Services 95 96 100
Groceries 91 96 100
Health 93 94 100
Housing 60 80 100
Transportation 108 97 100
Utilities 101 100 100
For more reading on cost of living around Michigan, check out:
Wyoming Cost of Living Vs. MI

Wyoming, 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 Wyoming is $150,000.

  • The Median Rent in Wyoming is $968.

  • The Median Income in Wyoming is $61,128.

  • The Home Value To Income in Wyoming is 2.5x.

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

Statistic Wyoming Michigan United States
Median Home Value $150,000 $172,100 $244,900
Median Rent $968 $946 $1,163
Median Income $61,128 $63,202 $69,021
Home Value To Income 2.5x 2.7x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Wyoming, MI
$150,000
Median Home Value
$968
Median Rent
$61,128
Median Income

Wyoming, MI Costs By Category

Detailed Wyoming Services Costs Vs. Michigan

Item Wyoming Michigan
Shampoo $0.89 $1.06
Movie $11.37 $10.68
Bowling $16.78 $14.67
Haircut $20.22 $18.62
Beauty Salon $32.55 $39.05

Detailed Wyoming Groceries Costs Vs. Michigan

Item Wyoming Michigan
Ground Beef $4.5 $4.22
Fried Chicken $1.12 $1.39
Milk $1.59 $2.05
Potatoes $2.75 $3.29
Pizza $10.16 $10.62
Beer $8.21 $9.38
Toothpaste $1.98 $2.34

Detailed Wyoming Health Costs Vs. Michigan

Item Wyoming Michigan
Optometrist $105.11 $108.57
Doctor $98.0 $116.17
Dentist $94.78 $99.13

Detailed Wyoming Transportation Costs Vs. Michigan

Item Wyoming Michigan
Gasoline $2.23 $2.22
Tire Balancing $60.0 $50.07

Detailed Wyoming Utilities Costs Vs. Michigan

Item Wyoming Michigan
All Electricity $170.23 $167.67
Phone $181.0 $175.64

Wyoming SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
7
Affordability
8
Diversity
9
Safety
5
Amenities
9
Education
7
Commute
8.5

Cost Of Living In Cities Around Wyoming

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

  • Grand Rapids, MI has a cost of living index of 90, 1.0x Wyoming.

  • Kentwood, MI has a cost of living index of 92, 1.0x Wyoming.

  • Forest Hills, MI has a cost of living index of 112, 1.3x Wyoming.

City Population Cost Of Living Vs. Wyoming
Grand Rapids, MI 197,858 90 1.0x
Kentwood, MI 53,884 92 1.0x
Forest Hills, MI 28,327 112 1.3x
Walker, MI 25,149 91 1.0x
Cutlerville, MI 19,313 88 1.0x
Jenison, MI 17,570 94 1.1x
Grandville, MI 16,043 89 1.0x
Northview, MI 15,251 94 1.1x
East Grand Rapids, MI 11,381 115 1.3x
Comstock Park, MI 10,202 89 1.0x

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