Ypsilanti, MI Cost Of Living
Cost Of Living In Ypsilanti, MI Summary
Cost of living in Ypsilanti 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 Ypsilanti 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 Ypsilanti is 96, with 100 being the average.
The cost of living index in Ypsilanti is 1.0x lower than the national average.
Ypsilanti ranks as the #129 cheapest in Michigan out of 175.
Ypsilanti ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Ypsilanti is $167,100.
The median income in Ypsilanti is $40,256.
Table Of Contents
Ypsilanti's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ypsilanti, MI?
According to the most recent data on the cost of living, Ypsilanti has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Michigan, Ypsilanti has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Ypsilanti ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Ypsilanti ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Ypsilanti, check out:
- Living In Ypsilanti
- Ypsilanti Crime Report
- Search Homes For Sale In Ypsilanti, MI
In Michigan
In America
Ypsilanti Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Ypsilanti. Here is how it fairs on each of the criteria:
The Services index in Ypsilanti is 110.
The Groceries index in Ypsilanti is 101.
The Health index in Ypsilanti is 97.
The Housing index in Ypsilanti is 73.
The Transportation index in Ypsilanti is 108.
The Utilities index in Ypsilanti is 98.
| Living Expense | Ypsilanti | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 73 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Ypsilanti, 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 Ypsilanti is $167,100.
The Median Rent in Ypsilanti is $898.
The Median Income in Ypsilanti is $40,256.
The Home Value To Income in Ypsilanti is 4.2x.
The Rent To Monthly Income in Ypsilanti is 0.27x.
| Statistic | Ypsilanti | Michigan | United States |
|---|---|---|---|
| Median Home Value | $167,100 | $172,100 | $244,900 |
| Median Rent | $898 | $946 | $1,163 |
| Median Income | $40,256 | $63,202 | $69,021 |
| Home Value To Income | 4.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Ypsilanti, MI Costs By Category
Detailed Ypsilanti Services Costs Vs. Michigan
Detailed Ypsilanti Groceries Costs Vs. Michigan
Detailed Ypsilanti Health Costs Vs. Michigan
Detailed Ypsilanti Transportation Costs Vs. Michigan
Detailed Ypsilanti Utilities Costs Vs. Michigan
Ypsilanti SnackAbility
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Cost Of Living In Cities Around Ypsilanti
The cost of living varies in the cities and towns around Ypsilanti. 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, 1.2x Ypsilanti.
Livonia, MI has a cost of living index of 102, 1.1x Ypsilanti.
Westland, MI has a cost of living index of 92, 1.0x Ypsilanti.
| City | Population | Cost Of Living | Vs. Ypsilanti |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.2x |
| Livonia, MI | 95,294 | 102 | 1.1x |
| Westland, MI | 84,961 | 92 | 1.0x |
| Novi, MI | 65,369 | 113 | 1.2x |
| Romulus, MI | 24,977 | 91 | 0.9x |
| Wayne, MI | 17,624 | 88 | 0.9x |
| South Lyon, MI | 11,786 | 101 | 1.1x |
| Farmington, MI | 11,481 | 99 | 1.0x |
| Plymouth, MI | 9,308 | 109 | 1.1x |
| Saline, MI | 9,072 | 102 | 1.1x |
