Grosse Pointe Woods, MI Cost Of Living

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

Cost Of Living In Grosse Pointe Woods, MI Summary

Cost of living in Grosse Pointe Woods 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 Grosse Pointe Woods 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 Grosse Pointe Woods is 107, with 100 being the average.

  • The cost of living index in Grosse Pointe Woods is 1.1x higher than the national average.

  • Grosse Pointe Woods ranks as the #158 cheapest in Michigan out of 175.

  • Grosse Pointe Woods ranks as the #3,867 cheapest out of 6,412 in the US.

  • The median home value in Grosse Pointe Woods is $274,000.

  • The median income in Grosse Pointe Woods is $115,247.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
107
Grosse Pointe Woods's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Grosse Pointe Woods, MI?

According to the most recent data on the cost of living, Grosse Pointe Woods has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.

Compared to Michigan, Grosse Pointe Woods has a cost of living index that's 1.2x higher than Michigan's index of 92.

The standard of living in Grosse Pointe Woods ranks as #158 most affordable out of the 175 places we measured in Michigan. By definition, that implies Grosse Pointe Woods ranks as the #17 most expensive place in the Wolverine State.

For more reading on life in Grosse Pointe Woods, check out:

158 out of 175
In Michigan
3,867 out of 6,412
In America

Grosse Pointe Woods Cost Of Living Vs. Michigan

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

  • The Services index in Grosse Pointe Woods is 109.

  • The Groceries index in Grosse Pointe Woods is 102.

  • The Health index in Grosse Pointe Woods is 98.

  • The Housing index in Grosse Pointe Woods is 120.

  • The Transportation index in Grosse Pointe Woods is 108.

  • The Utilities index in Grosse Pointe Woods is 97.

Living Expense Grosse Pointe Woods Michigan National Average
Overall 107 92 100
Services 109 96 100
Groceries 102 96 100
Health 98 94 100
Housing 120 80 100
Transportation 108 97 100
Utilities 97 100 100
For more reading on cost of living around Michigan, check out:
Grosse Pointe Woods Cost of Living Vs. MI

Grosse Pointe Woods, 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 Grosse Pointe Woods is $274,000.

  • The Median Rent in Grosse Pointe Woods is $1,576.

  • The Median Income in Grosse Pointe Woods is $115,247.

  • The Home Value To Income in Grosse Pointe Woods is 2.4x.

  • The Rent To Monthly Income in Grosse Pointe Woods is 0.16x.

Statistic Grosse Pointe Woods Michigan United States
Median Home Value $274,000 $172,100 $244,900
Median Rent $1,576 $946 $1,163
Median Income $115,247 $63,202 $69,021
Home Value To Income 2.4x 2.7x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x
Search Homes For Sale In Grosse Pointe Woods, MI
$274,000
Median Home Value
$1,576
Median Rent
$115,247
Median Income

Grosse Pointe Woods, MI Costs By Category

Detailed Grosse Pointe Woods Services Costs Vs. Michigan

Item Grosse Pointe Woods 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 Grosse Pointe Woods Groceries Costs Vs. Michigan

Item Grosse Pointe Woods 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 Grosse Pointe Woods Health Costs Vs. Michigan

Item Grosse Pointe Woods Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Grosse Pointe Woods Transportation Costs Vs. Michigan

Item Grosse Pointe Woods Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Grosse Pointe Woods Utilities Costs Vs. Michigan

Item Grosse Pointe Woods Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Grosse Pointe Woods SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
8.5
Diversity
6
Safety
8.5
Amenities
9
Education
10
Commute
7

Cost Of Living In Cities Around Grosse Pointe Woods

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

  • Troy, MI has a cost of living index of 113, 1.1x Grosse Pointe Woods.

  • St. Clair Shores, MI has a cost of living index of 94, 0.9x Grosse Pointe Woods.

  • Royal Oak, MI has a cost of living index of 101, 0.9x Grosse Pointe Woods.

City Population Cost Of Living Vs. Grosse Pointe Woods
Troy, MI 86,912 113 1.1x
St. Clair Shores, MI 59,046 94 0.9x
Royal Oak, MI 58,368 101 0.9x
Roseville, MI 47,692 90 0.8x
Eastpointe, MI 34,148 90 0.8x
Birmingham, MI 21,728 134 1.3x
Harper Woods, MI 15,287 91 0.9x
Berkley, MI 15,234 102 1.0x
Fraser, MI 14,703 93 0.9x
Grosse Pointe Park, MI 11,529 116 1.1x

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