Dearborn, MI Cost Of Living
Cost Of Living In Dearborn, MI Summary
Cost of living in Dearborn 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 Dearborn 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 Dearborn is 96, with 100 being the average.
The cost of living index in Dearborn is 1.0x lower than the national average.
Dearborn ranks as the #129 cheapest in Michigan out of 175.
Dearborn ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Dearborn is $162,900.
The median income in Dearborn is $60,184.
Table Of Contents
Dearborn's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Dearborn, MI?
According to the most recent data on the cost of living, Dearborn has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Michigan, Dearborn has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Dearborn ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Dearborn ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Dearborn, check out:
- Living In Dearborn
- Dearborn Crime Report
- Search Homes For Sale In Dearborn, MI
In Michigan
In America
Dearborn Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Dearborn. Here is how it fairs on each of the criteria:
The Services index in Dearborn is 110.
The Groceries index in Dearborn is 101.
The Health index in Dearborn is 96.
The Housing index in Dearborn is 75.
The Transportation index in Dearborn is 107.
The Utilities index in Dearborn is 95.
| Living Expense | Dearborn | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 75 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Dearborn, 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 Dearborn is $162,900.
The Median Rent in Dearborn is $1,098.
The Median Income in Dearborn is $60,184.
The Home Value To Income in Dearborn is 2.7x.
The Rent To Monthly Income in Dearborn is 0.22x.
| Statistic | Dearborn | Michigan | United States |
|---|---|---|---|
| Median Home Value | $162,900 | $172,100 | $244,900 |
| Median Rent | $1,098 | $946 | $1,163 |
| Median Income | $60,184 | $63,202 | $69,021 |
| Home Value To Income | 2.7x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Dearborn, MI Costs By Category
Detailed Dearborn Services Costs Vs. Michigan
Detailed Dearborn Groceries Costs Vs. Michigan
Detailed Dearborn Health Costs Vs. Michigan
Detailed Dearborn Transportation Costs Vs. Michigan
Detailed Dearborn Utilities Costs Vs. Michigan
Dearborn SnackAbility
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Cost Of Living In Cities Around Dearborn
The cost of living varies in the cities and towns around Dearborn. Here's a quick look at the cost of living in the most populous nearby places:
Detroit, MI has a cost of living index of 86, 0.9x Dearborn.
Troy, MI has a cost of living index of 113, 1.2x Dearborn.
Novi, MI has a cost of living index of 113, 1.2x Dearborn.
| City | Population | Cost Of Living | Vs. Dearborn |
|---|---|---|---|
| Detroit, MI | 645,658 | 86 | 0.9x |
| Troy, MI | 86,912 | 113 | 1.2x |
| Novi, MI | 65,369 | 113 | 1.2x |
| Taylor, MI | 63,071 | 88 | 0.9x |
| Dearborn Heights, MI | 62,334 | 91 | 0.9x |
| Royal Oak, MI | 58,368 | 101 | 1.1x |
| Lincoln Park, MI | 39,741 | 89 | 0.9x |
| Allen Park, MI | 28,431 | 91 | 0.9x |
| Inkster, MI | 25,849 | 83 | 0.9x |
| Birmingham, MI | 21,728 | 134 | 1.4x |
