Trenton, MI Cost Of Living
Cost Of Living In Trenton, MI Summary
Cost of living in Trenton 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 Trenton 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 Trenton is 96, with 100 being the average.
The cost of living index in Trenton is 1.0x lower than the national average.
Trenton ranks as the #129 cheapest in Michigan out of 175.
Trenton ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Trenton is $164,300.
The median income in Trenton is $70,725.
Table Of Contents
Trenton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Trenton, MI?
According to the most recent data on the cost of living, Trenton has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Michigan, Trenton has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Trenton ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Trenton ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Trenton, check out:
- Living In Trenton
- Trenton Crime Report
- Search Homes For Sale In Trenton, MI
In Michigan
In America
Trenton Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Trenton. Here is how it fairs on each of the criteria:
The Services index in Trenton is 109.
The Groceries index in Trenton is 102.
The Health index in Trenton is 97.
The Housing index in Trenton is 70.
The Transportation index in Trenton is 108.
The Utilities index in Trenton is 96.
| Living Expense | Trenton | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 102 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 70 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 96 | 100 | 100 | |
Trenton, 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 Trenton is $164,300.
The Median Rent in Trenton is $812.
The Median Income in Trenton is $70,725.
The Home Value To Income in Trenton is 2.3x.
The Rent To Monthly Income in Trenton is 0.14x.
| Statistic | Trenton | Michigan | United States |
|---|---|---|---|
| Median Home Value | $164,300 | $172,100 | $244,900 |
| Median Rent | $812 | $946 | $1,163 |
| Median Income | $70,725 | $63,202 | $69,021 |
| Home Value To Income | 2.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Trenton, MI Costs By Category
Detailed Trenton Services Costs Vs. Michigan
Detailed Trenton Groceries Costs Vs. Michigan
Detailed Trenton Health Costs Vs. Michigan
Detailed Trenton Transportation Costs Vs. Michigan
Detailed Trenton Utilities Costs Vs. Michigan
Trenton SnackAbility
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Cost Of Living In Cities Around Trenton
The cost of living varies in the cities and towns around Trenton. Here's a quick look at the cost of living in the most populous nearby places:
Dearborn, MI has a cost of living index of 96, 1.0x Trenton.
Livonia, MI has a cost of living index of 102, 1.1x Trenton.
Westland, MI has a cost of living index of 92, 1.0x Trenton.
| City | Population | Cost Of Living | Vs. Trenton |
|---|---|---|---|
| Dearborn, MI | 107,985 | 96 | 1.0x |
| Livonia, MI | 95,294 | 102 | 1.1x |
| Westland, MI | 84,961 | 92 | 1.0x |
| Taylor, MI | 63,071 | 88 | 0.9x |
| Dearborn Heights, MI | 62,334 | 91 | 0.9x |
| Lincoln Park, MI | 39,741 | 89 | 0.9x |
| Southgate, MI | 29,990 | 92 | 1.0x |
| Allen Park, MI | 28,431 | 91 | 0.9x |
| Wyandotte, MI | 24,992 | 88 | 0.9x |
| Woodhaven, MI | 12,889 | 96 | 1.0x |
