Walker, MI Cost Of Living
Cost Of Living In Walker, MI Summary
Cost of living in Walker 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 Walker 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 Walker is 91, with 100 being the average.
The cost of living index in Walker is 0.9x lower than the national average.
Walker ranks as the #94 cheapest in Michigan out of 175.
Walker ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Walker is $213,100.
The median income in Walker is $65,916.
Table Of Contents
Walker's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Walker, MI?
According to the most recent data on the cost of living, Walker has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Michigan, Walker has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Walker ranks as #94 most affordable out of the 175 places we measured in Michigan. By definition, that implies Walker ranks as the #81 most expensive place in the Wolverine State.
For more reading on life in Walker, check out:
- Living In Walker
- Walker Crime Report
- Search Homes For Sale In Walker, MI
In Michigan
In America
Walker Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Walker. Here is how it fairs on each of the criteria:
The Services index in Walker is 98.
The Groceries index in Walker is 90.
The Health index in Walker is 96.
The Housing index in Walker is 78.
The Transportation index in Walker is 105.
The Utilities index in Walker is 102.
| Living Expense | Walker | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 78 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 102 | 100 | 100 | |
Walker, 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 Walker is $213,100.
The Median Rent in Walker is $935.
The Median Income in Walker is $65,916.
The Home Value To Income in Walker is 3.2x.
The Rent To Monthly Income in Walker is 0.17x.
| Statistic | Walker | Michigan | United States |
|---|---|---|---|
| Median Home Value | $213,100 | $172,100 | $244,900 |
| Median Rent | $935 | $946 | $1,163 |
| Median Income | $65,916 | $63,202 | $69,021 |
| Home Value To Income | 3.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Walker, MI Costs By Category
Detailed Walker Services Costs Vs. Michigan
Detailed Walker Groceries Costs Vs. Michigan
Detailed Walker Health Costs Vs. Michigan
Detailed Walker Transportation Costs Vs. Michigan
Detailed Walker Utilities Costs Vs. Michigan
Walker SnackAbility
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Cost Of Living In Cities Around Walker
The cost of living varies in the cities and towns around Walker. Here's a quick look at the cost of living in the most populous nearby places:
Grand Rapids, MI has a cost of living index of 90, 1.0x Walker.
Wyoming, MI has a cost of living index of 89, 1.0x Walker.
Kentwood, MI has a cost of living index of 92, 1.0x Walker.
| City | Population | Cost Of Living | Vs. Walker |
|---|---|---|---|
| Grand Rapids, MI | 197,858 | 90 | 1.0x |
| Wyoming, MI | 76,625 | 89 | 1.0x |
| Kentwood, MI | 53,884 | 92 | 1.0x |
| Forest Hills, MI | 28,327 | 112 | 1.2x |
| Allendale, MI | 23,999 | 97 | 1.1x |
| Cutlerville, MI | 19,313 | 88 | 1.0x |
| Jenison, MI | 17,570 | 94 | 1.0x |
| Grandville, MI | 16,043 | 89 | 1.0x |
| Northview, MI | 15,251 | 94 | 1.0x |
| East Grand Rapids, MI | 11,381 | 115 | 1.3x |
