Niles, MI Cost Of Living
Cost Of Living In Niles, MI Summary
Cost of living in Niles 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 Niles 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 Niles is 84, with 100 being the average.
The cost of living index in Niles is 0.8x lower than the national average.
Niles ranks as the #37 cheapest in Michigan out of 175.
Niles ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Niles is $86,800.
The median income in Niles is $41,306.
Table Of Contents
Niles's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Niles, MI?
According to the most recent data on the cost of living, Niles has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Michigan, Niles has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Niles ranks as #37 most affordable out of the 175 places we measured in Michigan. By definition, that implies Niles ranks as the #138 most expensive place in the Wolverine State.
For more reading on life in Niles, check out:
- Living In Niles
- Niles Crime Report
- Search Homes For Sale In Niles, MI
In Michigan
In America
Niles Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Niles. Here is how it fairs on each of the criteria:
The Services index in Niles is 102.
The Groceries index in Niles is 90.
The Health index in Niles is 97.
The Housing index in Niles is 49.
The Transportation index in Niles is 95.
The Utilities index in Niles is 95.
| Living Expense | Niles | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 102 | 96 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 49 | 80 | 100 | |
| Transportation | 95 | 97 | 100 | |
| Utilities | 95 | 100 | 100 | |
Niles, 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 Niles is $86,800.
The Median Rent in Niles is $719.
The Median Income in Niles is $41,306.
The Home Value To Income in Niles is 2.1x.
The Rent To Monthly Income in Niles is 0.21x.
| Statistic | Niles | Michigan | United States |
|---|---|---|---|
| Median Home Value | $86,800 | $172,100 | $244,900 |
| Median Rent | $719 | $946 | $1,163 |
| Median Income | $41,306 | $63,202 | $69,021 |
| Home Value To Income | 2.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Niles, MI Costs By Category
Detailed Niles Services Costs Vs. Michigan
Detailed Niles Groceries Costs Vs. Michigan
Detailed Niles Health Costs Vs. Michigan
Detailed Niles Transportation Costs Vs. Michigan
Detailed Niles Utilities Costs Vs. Michigan
Niles SnackAbility
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Cost Of Living In Cities Around Niles
The cost of living varies in the cities and towns around Niles. Here's a quick look at the cost of living in the most populous nearby places:
South Bend, IN has a cost of living index of 81, 1.0x Niles.
Mishawaka, IN has a cost of living index of 87, 1.0x Niles.
Portage, MI has a cost of living index of 87, 1.0x Niles.
| City | Population | Cost Of Living | Vs. Niles |
|---|---|---|---|
| South Bend, IN | 102,786 | 81 | 1.0x |
| Mishawaka, IN | 50,823 | 87 | 1.0x |
| Portage, MI | 48,767 | 87 | 1.0x |
| Goshen, IN | 34,792 | 87 | 1.0x |
| Granger, IN | 30,394 | 105 | 1.2x |
| Sturgis, MI | 11,067 | 83 | 1.0x |
| Westwood, MI | 8,920 | 83 | 1.0x |
| St. Joseph, MI | 7,868 | 91 | 1.1x |
| Nappanee, IN | 7,132 | 83 | 1.0x |
| Dunlap, IN | 7,097 | 88 | 1.0x |
