Inkster, MI Cost Of Living
Cost Of Living In Inkster, MI Summary
Cost of living in Inkster 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 Inkster 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 Inkster is 83, with 100 being the average.
The cost of living index in Inkster is 0.8x lower than the national average.
Inkster ranks as the #30 cheapest in Michigan out of 175.
Inkster ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Inkster is $59,900.
The median income in Inkster is $34,122.
Table Of Contents
Inkster's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Inkster, MI?
According to the most recent data on the cost of living, Inkster has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Michigan, Inkster has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Inkster ranks as #30 most affordable out of the 175 places we measured in Michigan. By definition, that implies Inkster ranks as the #145 most expensive place in the Wolverine State.
For more reading on life in Inkster, check out:
- Living In Inkster
- Inkster Crime Report
- Search Homes For Sale In Inkster, MI
In Michigan
In America
Inkster Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Inkster. Here is how it fairs on each of the criteria:
The Services index in Inkster is 109.
The Groceries index in Inkster is 101.
The Health index in Inkster is 95.
The Housing index in Inkster is 42.
The Transportation index in Inkster is 106.
The Utilities index in Inkster is 95.
| Living Expense | Inkster | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 95 | 94 | 100 | |
| Housing | 42 | 80 | 100 | |
| Transportation | 106 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Inkster, 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 Inkster is $59,900.
The Median Rent in Inkster is $979.
The Median Income in Inkster is $34,122.
The Home Value To Income in Inkster is 1.8x.
The Rent To Monthly Income in Inkster is 0.34x.
| Statistic | Inkster | Michigan | United States |
|---|---|---|---|
| Median Home Value | $59,900 | $172,100 | $244,900 |
| Median Rent | $979 | $946 | $1,163 |
| Median Income | $34,122 | $63,202 | $69,021 |
| Home Value To Income | 1.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.34x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Inkster, MI Costs By Category
Detailed Inkster Services Costs Vs. Michigan
Detailed Inkster Groceries Costs Vs. Michigan
Detailed Inkster Health Costs Vs. Michigan
Detailed Inkster Transportation Costs Vs. Michigan
Detailed Inkster Utilities Costs Vs. Michigan
Inkster SnackAbility
/10
Cost Of Living In Cities Around Inkster
The cost of living varies in the cities and towns around Inkster. 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, 1.2x Inkster.
Livonia, MI has a cost of living index of 102, 1.2x Inkster.
Westland, MI has a cost of living index of 92, 1.1x Inkster.
| City | Population | Cost Of Living | Vs. Inkster |
|---|---|---|---|
| Dearborn, MI | 107,985 | 96 | 1.2x |
| Livonia, MI | 95,294 | 102 | 1.2x |
| Westland, MI | 84,961 | 92 | 1.1x |
| Novi, MI | 65,369 | 113 | 1.4x |
| Taylor, MI | 63,071 | 88 | 1.1x |
| Dearborn Heights, MI | 62,334 | 91 | 1.1x |
| Royal Oak, MI | 58,368 | 101 | 1.2x |
| Allen Park, MI | 28,431 | 91 | 1.1x |
| Romulus, MI | 24,977 | 91 | 1.1x |
| Birmingham, MI | 21,728 | 134 | 1.6x |
