Warren, MI Cost Of Living
Cost Of Living In Warren, MI Summary
Cost of living in Warren 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 Warren 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 Warren is 90, with 100 being the average.
The cost of living index in Warren is 0.9x lower than the national average.
Warren ranks as the #84 cheapest in Michigan out of 175.
Warren ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Warren is $143,600.
The median income in Warren is $55,153.
Table Of Contents
Warren's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Warren, MI?
According to the most recent data on the cost of living, Warren has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Michigan, Warren has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Warren ranks as #84 most affordable out of the 175 places we measured in Michigan. By definition, that implies Warren ranks as the #91 most expensive place in the Wolverine State.
For more reading on life in Warren, check out:
- Living In Warren
- Warren Crime Report
- Search Homes For Sale In Warren, MI
In Michigan
In America
Warren Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Warren. Here is how it fairs on each of the criteria:
The Services index in Warren is 111.
The Groceries index in Warren is 99.
The Health index in Warren is 94.
The Housing index in Warren is 63.
The Transportation index in Warren is 109.
The Utilities index in Warren is 94.
| Living Expense | Warren | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 111 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 63 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Warren, 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 Warren is $143,600.
The Median Rent in Warren is $1,029.
The Median Income in Warren is $55,153.
The Home Value To Income in Warren is 2.6x.
The Rent To Monthly Income in Warren is 0.22x.
| Statistic | Warren | Michigan | United States |
|---|---|---|---|
| Median Home Value | $143,600 | $172,100 | $244,900 |
| Median Rent | $1,029 | $946 | $1,163 |
| Median Income | $55,153 | $63,202 | $69,021 |
| Home Value To Income | 2.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Warren, MI Costs By Category
Detailed Warren Services Costs Vs. Michigan
Detailed Warren Groceries Costs Vs. Michigan
Detailed Warren Health Costs Vs. Michigan
Detailed Warren Transportation Costs Vs. Michigan
Detailed Warren Utilities Costs Vs. Michigan
Warren SnackAbility
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Cost Of Living In Cities Around Warren
The cost of living varies in the cities and towns around Warren. Here's a quick look at the cost of living in the most populous nearby places:
Sterling Heights, MI has a cost of living index of 97, 1.1x Warren.
Livonia, MI has a cost of living index of 102, 1.1x Warren.
Troy, MI has a cost of living index of 113, 1.3x Warren.
| City | Population | Cost Of Living | Vs. Warren |
|---|---|---|---|
| Sterling Heights, MI | 134,062 | 97 | 1.1x |
| Livonia, MI | 95,294 | 102 | 1.1x |
| Troy, MI | 86,912 | 113 | 1.3x |
| Rochester Hills, MI | 75,990 | 111 | 1.2x |
| Royal Oak, MI | 58,368 | 101 | 1.1x |
| Roseville, MI | 47,692 | 90 | 1.0x |
| Eastpointe, MI | 34,148 | 90 | 1.0x |
| Madison Heights, MI | 28,719 | 88 | 1.0x |
| Birmingham, MI | 21,728 | 134 | 1.5x |
| Ferndale, MI | 19,414 | 94 | 1.0x |
