Romulus, MI Cost Of Living

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

Cost Of Living In Romulus, MI Summary

Cost of living in Romulus 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 Romulus 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 Romulus is 91, with 100 being the average.

  • The cost of living index in Romulus is 0.9x lower than the national average.

  • Romulus ranks as the #94 cheapest in Michigan out of 175.

  • Romulus ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in Romulus is $118,200.

  • The median income in Romulus is $64,712.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Romulus's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Romulus, MI?

According to the most recent data on the cost of living, Romulus has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.

Compared to Michigan, Romulus has a cost of living index that's 1.0x lower than Michigan's index of 92.

The standard of living in Romulus ranks as #94 most affordable out of the 175 places we measured in Michigan. By definition, that implies Romulus ranks as the #81 most expensive place in the Wolverine State.

For more reading on life in Romulus, check out:

94 out of 175
In Michigan
1,804 out of 6,412
In America

Romulus Cost Of Living Vs. Michigan

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

  • The Services index in Romulus is 111.

  • The Groceries index in Romulus is 98.

  • The Health index in Romulus is 94.

  • The Housing index in Romulus is 54.

  • The Transportation index in Romulus is 107.

  • The Utilities index in Romulus is 94.

Living Expense Romulus Michigan National Average
Overall 91 92 100
Services 111 96 100
Groceries 98 96 100
Health 94 94 100
Housing 54 80 100
Transportation 107 97 100
Utilities 94 100 100
For more reading on cost of living around Michigan, check out:
Romulus Cost of Living Vs. MI

Romulus, 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 Romulus is $118,200.

  • The Median Rent in Romulus is $944.

  • The Median Income in Romulus is $64,712.

  • The Home Value To Income in Romulus is 1.8x.

  • The Rent To Monthly Income in Romulus is 0.18x.

Statistic Romulus Michigan United States
Median Home Value $118,200 $172,100 $244,900
Median Rent $944 $946 $1,163
Median Income $64,712 $63,202 $69,021
Home Value To Income 1.8x 2.7x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x
Search Homes For Sale In Romulus, MI
$118,200
Median Home Value
$944
Median Rent
$64,712
Median Income

Romulus, MI Costs By Category

Detailed Romulus Services Costs Vs. Michigan

Item Romulus 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 Romulus Groceries Costs Vs. Michigan

Item Romulus 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 Romulus Health Costs Vs. Michigan

Item Romulus Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Romulus Transportation Costs Vs. Michigan

Item Romulus Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Romulus Utilities Costs Vs. Michigan

Item Romulus Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Romulus SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8.5
Diversity
9
Safety
4
Amenities
8
Education
6
Commute
8

Cost Of Living In Cities Around Romulus

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

  • Ann Arbor, MI has a cost of living index of 113, 1.2x Romulus.

  • Livonia, MI has a cost of living index of 102, 1.1x Romulus.

  • Westland, MI has a cost of living index of 92, 1.0x Romulus.

City Population Cost Of Living Vs. Romulus
Ann Arbor, MI 122,731 113 1.2x
Livonia, MI 95,294 102 1.1x
Westland, MI 84,961 92 1.0x
Farmington Hills, MI 83,749 107 1.2x
Novi, MI 65,369 113 1.2x
Taylor, MI 63,071 88 1.0x
Dearborn Heights, MI 62,334 91 1.0x
Southgate, MI 29,990 92 1.0x
Allen Park, MI 28,431 91 1.0x
Inkster, MI 25,849 83 0.9x

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