Howell, MI Cost Of Living
Cost Of Living In Howell, MI Summary
Cost of living in Howell 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 Howell 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 Howell is 98, with 100 being the average.
The cost of living index in Howell is 1.0x lower than the national average.
Howell ranks as the #141 cheapest in Michigan out of 175.
Howell ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Howell is $198,900.
The median income in Howell is $52,569.
Table Of Contents
Howell's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Howell, MI?
According to the most recent data on the cost of living, Howell has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Michigan, Howell has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in Howell ranks as #141 most affordable out of the 175 places we measured in Michigan. By definition, that implies Howell ranks as the #34 most expensive place in the Wolverine State.
For more reading on life in Howell, check out:
- Living In Howell
- Howell Crime Report
- Search Homes For Sale In Howell, MI
In Michigan
In America
Howell Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Howell. Here is how it fairs on each of the criteria:
The Services index in Howell is 110.
The Groceries index in Howell is 99.
The Health index in Howell is 97.
The Housing index in Howell is 80.
The Transportation index in Howell is 108.
The Utilities index in Howell is 94.
| Living Expense | Howell | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 98 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 80 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Howell, 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 Howell is $198,900.
The Median Rent in Howell is $1,004.
The Median Income in Howell is $52,569.
The Home Value To Income in Howell is 3.8x.
The Rent To Monthly Income in Howell is 0.23x.
| Statistic | Howell | Michigan | United States |
|---|---|---|---|
| Median Home Value | $198,900 | $172,100 | $244,900 |
| Median Rent | $1,004 | $946 | $1,163 |
| Median Income | $52,569 | $63,202 | $69,021 |
| Home Value To Income | 3.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Howell, MI Costs By Category
Detailed Howell Services Costs Vs. Michigan
Detailed Howell Groceries Costs Vs. Michigan
Detailed Howell Health Costs Vs. Michigan
Detailed Howell Transportation Costs Vs. Michigan
Detailed Howell Utilities Costs Vs. Michigan
Howell SnackAbility
/10
Cost Of Living In Cities Around Howell
The cost of living varies in the cities and towns around Howell. Here's a quick look at the cost of living in the most populous nearby places:
Fenton, MI has a cost of living index of 92, 0.9x Howell.
South Lyon, MI has a cost of living index of 101, 1.0x Howell.
Whitmore Lake, MI has a cost of living index of 99, 1.0x Howell.
| City | Population | Cost Of Living | Vs. Howell |
|---|---|---|---|
| Fenton, MI | 11,949 | 92 | 0.9x |
| South Lyon, MI | 11,786 | 101 | 1.0x |
| Whitmore Lake, MI | 8,019 | 99 | 1.0x |
| Brighton, MI | 7,462 | 102 | 1.0x |
| Milford, MI | 6,511 | 99 | 1.0x |
| Lake Fenton, MI | 6,092 | 103 | 1.1x |
