Woodhaven, MI Cost Of Living
Cost Of Living In Woodhaven, MI Summary
Cost of living in Woodhaven 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 Woodhaven 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 Woodhaven is 96, with 100 being the average.
The cost of living index in Woodhaven is 1.0x lower than the national average.
Woodhaven ranks as the #129 cheapest in Michigan out of 175.
Woodhaven ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Woodhaven is $184,400.
The median income in Woodhaven is $68,463.
Table Of Contents
Woodhaven's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Woodhaven, MI?
According to the most recent data on the cost of living, Woodhaven has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Michigan, Woodhaven has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Woodhaven ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Woodhaven ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Woodhaven, check out:
- Living In Woodhaven
- Woodhaven Crime Report
- Search Homes For Sale In Woodhaven, MI
In Michigan
In America
Woodhaven Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Woodhaven. Here is how it fairs on each of the criteria:
The Services index in Woodhaven is 109.
The Groceries index in Woodhaven is 101.
The Health index in Woodhaven is 94.
The Housing index in Woodhaven is 74.
The Transportation index in Woodhaven is 106.
The Utilities index in Woodhaven is 94.
| Living Expense | Woodhaven | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 74 | 80 | 100 | |
| Transportation | 106 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Woodhaven, 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 Woodhaven is $184,400.
The Median Rent in Woodhaven is $942.
The Median Income in Woodhaven is $68,463.
The Home Value To Income in Woodhaven is 2.7x.
The Rent To Monthly Income in Woodhaven is 0.17x.
| Statistic | Woodhaven | Michigan | United States |
|---|---|---|---|
| Median Home Value | $184,400 | $172,100 | $244,900 |
| Median Rent | $942 | $946 | $1,163 |
| Median Income | $68,463 | $63,202 | $69,021 |
| Home Value To Income | 2.7x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Woodhaven, MI Costs By Category
Detailed Woodhaven Services Costs Vs. Michigan
Detailed Woodhaven Groceries Costs Vs. Michigan
Detailed Woodhaven Health Costs Vs. Michigan
Detailed Woodhaven Transportation Costs Vs. Michigan
Detailed Woodhaven Utilities Costs Vs. Michigan
Woodhaven SnackAbility
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Cost Of Living In Cities Around Woodhaven
The cost of living varies in the cities and towns around Woodhaven. 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 Woodhaven.
Livonia, MI has a cost of living index of 102, 1.1x Woodhaven.
Westland, MI has a cost of living index of 92, 1.0x Woodhaven.
| City | Population | Cost Of Living | Vs. Woodhaven |
|---|---|---|---|
| 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 |
| Trenton, MI | 18,489 | 96 | 1.0x |
