Eastwood, MI Cost Of Living
Cost Of Living In Eastwood, MI Summary
Cost of living in Eastwood 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 Eastwood 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 Eastwood is 79, with 100 being the average.
The cost of living index in Eastwood is 0.8x lower than the national average.
Eastwood ranks as the #10 cheapest in Michigan out of 175.
Eastwood ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Eastwood is $87,600.
The median income in Eastwood is $53,379.
Table Of Contents
Eastwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Eastwood, MI?
According to the most recent data on the cost of living, Eastwood has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Michigan, Eastwood has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Eastwood ranks as #10 most affordable out of the 175 places we measured in Michigan. By definition, that implies Eastwood ranks as the #165 most expensive place in the Wolverine State.
For more reading on life in Eastwood, check out:
- Living In Eastwood
- Search Homes For Sale In Eastwood, MI
In Michigan
In America
Eastwood Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Eastwood. Here is how it fairs on each of the criteria:
The Services index in Eastwood is 85.
The Groceries index in Eastwood is 76.
The Health index in Eastwood is 96.
The Housing index in Eastwood is 56.
The Transportation index in Eastwood is 98.
The Utilities index in Eastwood is 100.
| Living Expense | Eastwood | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 79 | 92 | 100 | |
| Services | 85 | 96 | 100 | |
| Groceries | 76 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 56 | 80 | 100 | |
| Transportation | 98 | 97 | 100 | |
| Utilities | 100 | 100 | 100 | |
Eastwood, 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 Eastwood is $87,600.
The Median Rent in Eastwood is $900.
The Median Income in Eastwood is $53,379.
The Home Value To Income in Eastwood is 1.6x.
The Rent To Monthly Income in Eastwood is 0.2x.
| Statistic | Eastwood | Michigan | United States |
|---|---|---|---|
| Median Home Value | $87,600 | $172,100 | $244,900 |
| Median Rent | $900 | $946 | $1,163 |
| Median Income | $53,379 | $63,202 | $69,021 |
| Home Value To Income | 1.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Eastwood, MI Costs By Category
Detailed Eastwood Services Costs Vs. Michigan
Detailed Eastwood Groceries Costs Vs. Michigan
Detailed Eastwood Health Costs Vs. Michigan
Detailed Eastwood Transportation Costs Vs. Michigan
Detailed Eastwood Utilities Costs Vs. Michigan
Eastwood SnackAbility
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Cost Of Living In Cities Around Eastwood
The cost of living varies in the cities and towns around Eastwood. Here's a quick look at the cost of living in the most populous nearby places:
Kalamazoo, MI has a cost of living index of 81, 1.0x Eastwood.
Battle Creek, MI has a cost of living index of 80, 1.0x Eastwood.
Portage, MI has a cost of living index of 87, 1.1x Eastwood.
| City | Population | Cost Of Living | Vs. Eastwood |
|---|---|---|---|
| Kalamazoo, MI | 74,020 | 81 | 1.0x |
| Battle Creek, MI | 52,434 | 80 | 1.0x |
| Portage, MI | 48,767 | 87 | 1.1x |
| Westwood, MI | 8,920 | 83 | 1.1x |
| Comstock Northwest, MI | 5,438 | 84 | 1.1x |
| Springfield, MI | 5,268 | 72 | 0.9x |
