Romulus, MI Cost Of Living
Cost Of Living In Romulus, MI Summary
Cost of living in Romulus 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 Romulus 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 Romulus is 91, with 100 being the average.
The cost of living index in Romulus is 0.9x lower than the national average.
Romulus ranks as the #94 cheapest in Michigan out of 175.
Romulus ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Romulus is $118,200.
The median income in Romulus is $64,712.
Table Of Contents
Romulus's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Romulus, MI?
According to the most recent data on the cost of living, Romulus has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Michigan, Romulus has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Romulus ranks as #94 most affordable out of the 175 places we measured in Michigan. By definition, that implies Romulus ranks as the #81 most expensive place in the Wolverine State.
For more reading on life in Romulus, check out:
- Living In Romulus
- Romulus Crime Report
- Search Homes For Sale In Romulus, MI
In Michigan
In America
Romulus Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Romulus. Here is how it fairs on each of the criteria:
The Services index in Romulus is 111.
The Groceries index in Romulus is 98.
The Health index in Romulus is 94.
The Housing index in Romulus is 54.
The Transportation index in Romulus is 107.
The Utilities index in Romulus is 94.
| Living Expense | Romulus | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 111 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 54 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Romulus, 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 Romulus is $118,200.
The Median Rent in Romulus is $944.
The Median Income in Romulus is $64,712.
The Home Value To Income in Romulus is 1.8x.
The Rent To Monthly Income in Romulus is 0.18x.
| Statistic | Romulus | Michigan | United States |
|---|---|---|---|
| Median Home Value | $118,200 | $172,100 | $244,900 |
| Median Rent | $944 | $946 | $1,163 |
| Median Income | $64,712 | $63,202 | $69,021 |
| Home Value To Income | 1.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Romulus, MI Costs By Category
Detailed Romulus Services Costs Vs. Michigan
Detailed Romulus Groceries Costs Vs. Michigan
Detailed Romulus Health Costs Vs. Michigan
Detailed Romulus Transportation Costs Vs. Michigan
Detailed Romulus Utilities Costs Vs. Michigan
Romulus SnackAbility
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Cost Of Living In Cities Around Romulus
The cost of living varies in the cities and towns around Romulus. Here's a quick look at the cost of living in the most populous nearby places:
Ann Arbor, MI has a cost of living index of 113, 1.2x Romulus.
Livonia, MI has a cost of living index of 102, 1.1x Romulus.
Westland, MI has a cost of living index of 92, 1.0x Romulus.
| City | Population | Cost Of Living | Vs. Romulus |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.2x |
| Livonia, MI | 95,294 | 102 | 1.1x |
| Westland, MI | 84,961 | 92 | 1.0x |
| Farmington Hills, MI | 83,749 | 107 | 1.2x |
| Novi, MI | 65,369 | 113 | 1.2x |
| Taylor, MI | 63,071 | 88 | 1.0x |
| Dearborn Heights, MI | 62,334 | 91 | 1.0x |
| Southgate, MI | 29,990 | 92 | 1.0x |
| Allen Park, MI | 28,431 | 91 | 1.0x |
| Inkster, MI | 25,849 | 83 | 0.9x |
