Kentwood, MI Cost Of Living
Cost Of Living In Kentwood, MI Summary
Cost of living in Kentwood 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 Kentwood 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 Kentwood is 92, with 100 being the average.
The cost of living index in Kentwood is 0.9x lower than the national average.
Kentwood ranks as the #102 cheapest in Michigan out of 175.
Kentwood ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Kentwood is $186,000.
The median income in Kentwood is $60,505.
Table Of Contents
Kentwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Kentwood, MI?
According to the most recent data on the cost of living, Kentwood has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Michigan, Kentwood has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Kentwood ranks as #102 most affordable out of the 175 places we measured in Michigan. By definition, that implies Kentwood ranks as the #73 most expensive place in the Wolverine State.
For more reading on life in Kentwood, check out:
- Living In Kentwood
- Kentwood Crime Report
- Search Homes For Sale In Kentwood, MI
In Michigan
In America
Kentwood Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Kentwood. Here is how it fairs on each of the criteria:
The Services index in Kentwood is 97.
The Groceries index in Kentwood is 90.
The Health index in Kentwood is 94.
The Housing index in Kentwood is 77.
The Transportation index in Kentwood is 107.
The Utilities index in Kentwood is 102.
| Living Expense | Kentwood | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 92 | 92 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 77 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 102 | 100 | 100 | |
Kentwood, 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 Kentwood is $186,000.
The Median Rent in Kentwood is $1,016.
The Median Income in Kentwood is $60,505.
The Home Value To Income in Kentwood is 3.1x.
The Rent To Monthly Income in Kentwood is 0.2x.
| Statistic | Kentwood | Michigan | United States |
|---|---|---|---|
| Median Home Value | $186,000 | $172,100 | $244,900 |
| Median Rent | $1,016 | $946 | $1,163 |
| Median Income | $60,505 | $63,202 | $69,021 |
| Home Value To Income | 3.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Kentwood, MI Costs By Category
Detailed Kentwood Services Costs Vs. Michigan
Detailed Kentwood Groceries Costs Vs. Michigan
Detailed Kentwood Health Costs Vs. Michigan
Detailed Kentwood Transportation Costs Vs. Michigan
Detailed Kentwood Utilities Costs Vs. Michigan
Kentwood SnackAbility
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Cost Of Living In Cities Around Kentwood
The cost of living varies in the cities and towns around Kentwood. 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 Kentwood.
Wyoming, MI has a cost of living index of 89, 1.0x Kentwood.
Forest Hills, MI has a cost of living index of 112, 1.2x Kentwood.
| City | Population | Cost Of Living | Vs. Kentwood |
|---|---|---|---|
| Grand Rapids, MI | 197,858 | 90 | 1.0x |
| Wyoming, MI | 76,625 | 89 | 1.0x |
| Forest Hills, MI | 28,327 | 112 | 1.2x |
| Walker, MI | 25,149 | 91 | 1.0x |
| 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 | 1.2x |
| Hudsonville, MI | 7,598 | 92 | 1.0x |
