Shields, MI Cost Of Living
Cost Of Living In Shields, MI Summary
Cost of living in Shields 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 Shields 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 Shields is 87, with 100 being the average.
The cost of living index in Shields is 0.9x lower than the national average.
Shields ranks as the #57 cheapest in Michigan out of 175.
Shields ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Shields is $140,800.
The median income in Shields is $73,771.
Table Of Contents
Shields's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Shields, MI?
According to the most recent data on the cost of living, Shields has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Michigan, Shields has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Shields ranks as #57 most affordable out of the 175 places we measured in Michigan. By definition, that implies Shields ranks as the #118 most expensive place in the Wolverine State.
For more reading on life in Shields, check out:
- Living In Shields
- Search Homes For Sale In Shields, MI
In Michigan
In America
Shields Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Shields. Here is how it fairs on each of the criteria:
The Services index in Shields is 98.
The Groceries index in Shields is 89.
The Health index in Shields is 96.
The Housing index in Shields is 68.
The Transportation index in Shields is 109.
The Utilities index in Shields is 103.
| Living Expense | Shields | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 68 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 103 | 100 | 100 | |
Shields, 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 Shields is $140,800.
The Median Rent in Shields is $1,001.
The Median Income in Shields is $73,771.
The Home Value To Income in Shields is 1.9x.
The Rent To Monthly Income in Shields is 0.16x.
| Statistic | Shields | Michigan | United States |
|---|---|---|---|
| Median Home Value | $140,800 | $172,100 | $244,900 |
| Median Rent | $1,001 | $946 | $1,163 |
| Median Income | $73,771 | $63,202 | $69,021 |
| Home Value To Income | 1.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Shields, MI Costs By Category
Detailed Shields Services Costs Vs. Michigan
Detailed Shields Groceries Costs Vs. Michigan
Detailed Shields Health Costs Vs. Michigan
Detailed Shields Transportation Costs Vs. Michigan
Detailed Shields Utilities Costs Vs. Michigan
Shields SnackAbility
/10
Cost Of Living In Cities Around Shields
The cost of living varies in the cities and towns around Shields. Here's a quick look at the cost of living in the most populous nearby places:
Saginaw, MI has a cost of living index of 85, 1.0x Shields.
Midland, MI has a cost of living index of 93, 1.1x Shields.
Freeland, MI has a cost of living index of 97, 1.1x Shields.
| City | Population | Cost Of Living | Vs. Shields |
|---|---|---|---|
| Saginaw, MI | 44,796 | 85 | 1.0x |
| Midland, MI | 42,425 | 93 | 1.1x |
| Freeland, MI | 7,427 | 97 | 1.1x |
| Bridgeport, MI | 6,484 | 86 | 1.0x |
| Buena Vista, MI | 5,878 | 85 | 1.0x |
