Southfield, MI Cost Of Living

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

Cost Of Living In Southfield, MI Summary

Cost of living in Southfield 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 Southfield 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 Southfield is 96, with 100 being the average.

  • The cost of living index in Southfield is 1.0x lower than the national average.

  • Southfield ranks as the #129 cheapest in Michigan out of 175.

  • Southfield ranks as the #2,601 cheapest out of 6,412 in the US.

  • The median home value in Southfield is $176,000.

  • The median income in Southfield is $60,006.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
96
Southfield's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Southfield, MI?

According to the most recent data on the cost of living, Southfield has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.

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

The standard of living in Southfield ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Southfield ranks as the #46 most expensive place in the Wolverine State.

For more reading on life in Southfield, check out:

129 out of 175
In Michigan
2,601 out of 6,412
In America

Southfield Cost Of Living Vs. Michigan

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

  • The Services index in Southfield is 110.

  • The Groceries index in Southfield is 100.

  • The Health index in Southfield is 97.

  • The Housing index in Southfield is 75.

  • The Transportation index in Southfield is 105.

  • The Utilities index in Southfield is 94.

Living Expense Southfield Michigan National Average
Overall 96 92 100
Services 110 96 100
Groceries 100 96 100
Health 97 94 100
Housing 75 80 100
Transportation 105 97 100
Utilities 94 100 100
For more reading on cost of living around Michigan, check out:
Southfield Cost of Living Vs. MI

Southfield, 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 Southfield is $176,000.

  • The Median Rent in Southfield is $1,172.

  • The Median Income in Southfield is $60,006.

  • The Home Value To Income in Southfield is 2.9x.

  • The Rent To Monthly Income in Southfield is 0.23x.

Statistic Southfield Michigan United States
Median Home Value $176,000 $172,100 $244,900
Median Rent $1,172 $946 $1,163
Median Income $60,006 $63,202 $69,021
Home Value To Income 2.9x 2.7x 3.5x
Rent To Monthly Income 0.23x 0.18x 0.2x
Search Homes For Sale In Southfield, MI
$176,000
Median Home Value
$1,172
Median Rent
$60,006
Median Income

Southfield, MI Costs By Category

Detailed Southfield Services Costs Vs. Michigan

Item Southfield 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 Southfield Groceries Costs Vs. Michigan

Item Southfield 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 Southfield Health Costs Vs. Michigan

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

Detailed Southfield Transportation Costs Vs. Michigan

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

Detailed Southfield Utilities Costs Vs. Michigan

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

Southfield SnackAbility

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

Cost Of Living In Cities Around Southfield

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

  • Cambridge, MA has a cost of living index of 172, 1.8x Southfield.

  • Brockton, MA has a cost of living index of 122, 1.3x Southfield.

  • Quincy, MA has a cost of living index of 139, 1.4x Southfield.

City Population Cost Of Living Vs. Southfield
Cambridge, MA 116,892 172 1.8x
Brockton, MA 104,216 122 1.3x
Quincy, MA 100,544 139 1.4x
Newton, MA 88,647 192 2.0x
Somerville, MA 80,608 158 1.6x
Brookline, MA 62,620 191 2.0x
Needham, MA 31,808 180 1.9x
Milton, MA 28,382 156 1.6x
Dedham, MA 25,308 141 1.5x
Abington, MA 16,974 132 1.4x

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