Huntington Woods, MI Cost Of Living
Cost Of Living In Huntington Woods, MI Summary
Cost of living in Huntington 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 Huntington 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 Huntington Woods is 123, with 100 being the average.
The cost of living index in Huntington Woods is 1.2x higher than the national average.
Huntington Woods ranks as the #173 cheapest in Michigan out of 175.
Huntington Woods ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Huntington Woods is $386,100.
The median income in Huntington Woods is $157,665.
Table Of Contents
Huntington Woods's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Huntington Woods, MI?
According to the most recent data on the cost of living, Huntington Woods has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Michigan, Huntington Woods has a cost of living index that's 1.3x higher than Michigan's index of 92.
The standard of living in Huntington Woods ranks as #173 most affordable out of the 175 places we measured in Michigan. By definition, that implies Huntington Woods ranks as the #2 most expensive place in the Wolverine State.
For more reading on life in Huntington Woods, check out:
- Living In Huntington Woods
- Huntington Woods Crime Report
- Search Homes For Sale In Huntington Woods, MI
In Michigan
In America
Huntington Woods Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Huntington Woods. Here is how it fairs on each of the criteria:
The Services index in Huntington Woods is 108.
The Groceries index in Huntington Woods is 101.
The Health index in Huntington Woods is 97.
The Housing index in Huntington Woods is 177.
The Transportation index in Huntington Woods is 108.
The Utilities index in Huntington Woods is 96.
| Living Expense | Huntington Woods | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 123 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 177 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 96 | 100 | 100 | |
Huntington 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 Huntington Woods is $386,100.
The Median Rent in Huntington Woods is $2,273.
The Median Income in Huntington Woods is $157,665.
The Home Value To Income in Huntington Woods is 2.4x.
The Rent To Monthly Income in Huntington Woods is 0.17x.
| Statistic | Huntington Woods | Michigan | United States |
|---|---|---|---|
| Median Home Value | $386,100 | $172,100 | $244,900 |
| Median Rent | $2,273 | $946 | $1,163 |
| Median Income | $157,665 | $63,202 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Huntington Woods, MI Costs By Category
Detailed Huntington Woods Services Costs Vs. Michigan
| Item | Huntington 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 Huntington Woods Groceries Costs Vs. Michigan
| Item | Huntington 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 Huntington Woods Health Costs Vs. Michigan
| Item | Huntington Woods | Michigan |
|---|---|---|
| Optometrist | $81.52 | $108.57 |
| Doctor | $104.59 | $116.17 |
| Dentist | $99.57 | $99.13 |
Detailed Huntington Woods Transportation Costs Vs. Michigan
| Item | Huntington Woods | Michigan |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $58.95 | $50.07 |
Detailed Huntington Woods Utilities Costs Vs. Michigan
| Item | Huntington Woods | Michigan |
|---|---|---|
| All Electricity | $159.51 | $167.67 |
| Phone | $178.81 | $175.64 |
Huntington Woods SnackAbility
/10
Cost Of Living In Cities Around Huntington Woods
The cost of living varies in the cities and towns around Huntington 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, 0.9x Huntington Woods.
Rochester Hills, MI has a cost of living index of 111, 0.9x Huntington Woods.
Novi, MI has a cost of living index of 113, 0.9x Huntington Woods.
| City | Population | Cost Of Living | Vs. Huntington Woods |
|---|---|---|---|
| Troy, MI | 86,912 | 113 | 0.9x |
| Rochester Hills, MI | 75,990 | 111 | 0.9x |
| Novi, MI | 65,369 | 113 | 0.9x |
| Royal Oak, MI | 58,368 | 101 | 0.8x |
| Oak Park, MI | 29,677 | 93 | 0.8x |
| Madison Heights, MI | 28,719 | 88 | 0.7x |
| Birmingham, MI | 21,728 | 134 | 1.1x |
| Ferndale, MI | 19,414 | 94 | 0.8x |
| Berkley, MI | 15,234 | 102 | 0.8x |
| Hazel Park, MI | 15,213 | 90 | 0.7x |
