Okemos, MI Cost Of Living
Cost Of Living In Okemos, MI Summary
Cost of living in Okemos 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 Okemos 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 Okemos is 101, with 100 being the average.
The cost of living index in Okemos is 1.0x higher than the national average.
Okemos ranks as the #148 cheapest in Michigan out of 175.
Okemos ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Okemos is $277,000.
The median income in Okemos is $83,019.
Table Of Contents
Okemos's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Okemos, MI?
According to the most recent data on the cost of living, Okemos has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Michigan, Okemos has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in Okemos ranks as #148 most affordable out of the 175 places we measured in Michigan. By definition, that implies Okemos ranks as the #27 most expensive place in the Wolverine State.
For more reading on life in Okemos, check out:
- Living In Okemos
- Search Homes For Sale In Okemos, MI
In Michigan
In America
Okemos Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Okemos. Here is how it fairs on each of the criteria:
The Services index in Okemos is 97.
The Groceries index in Okemos is 90.
The Health index in Okemos is 96.
The Housing index in Okemos is 104.
The Transportation index in Okemos is 105.
The Utilities index in Okemos is 101.
| Living Expense | Okemos | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 104 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 101 | 100 | 100 | |
Okemos, 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 Okemos is $277,000.
The Median Rent in Okemos is $1,135.
The Median Income in Okemos is $83,019.
The Home Value To Income in Okemos is 3.3x.
The Rent To Monthly Income in Okemos is 0.16x.
| Statistic | Okemos | Michigan | United States |
|---|---|---|---|
| Median Home Value | $277,000 | $172,100 | $244,900 |
| Median Rent | $1,135 | $946 | $1,163 |
| Median Income | $83,019 | $63,202 | $69,021 |
| Home Value To Income | 3.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Okemos, MI Costs By Category
Detailed Okemos Services Costs Vs. Michigan
Detailed Okemos Groceries Costs Vs. Michigan
Detailed Okemos Health Costs Vs. Michigan
Detailed Okemos Transportation Costs Vs. Michigan
Detailed Okemos Utilities Costs Vs. Michigan
Okemos SnackAbility
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Cost Of Living In Cities Around Okemos
The cost of living varies in the cities and towns around Okemos. Here's a quick look at the cost of living in the most populous nearby places:
Lansing, MI has a cost of living index of 85, 0.8x Okemos.
East Lansing, MI has a cost of living index of 95, 0.9x Okemos.
Holt, MI has a cost of living index of 86, 0.9x Okemos.
| City | Population | Cost Of Living | Vs. Okemos |
|---|---|---|---|
| Lansing, MI | 113,592 | 85 | 0.8x |
| East Lansing, MI | 47,427 | 95 | 0.9x |
| Holt, MI | 25,755 | 86 | 0.9x |
| Waverly, MI | 23,328 | 94 | 0.9x |
| Haslett, MI | 19,333 | 93 | 0.9x |
| Mason, MI | 8,307 | 85 | 0.8x |
| Grand Ledge, MI | 7,792 | 87 | 0.9x |
| Eaton Rapids, MI | 5,211 | 78 | 0.8x |
