Southfield, MI Cost Of Living
Cost Of Living In Southfield, MI Summary
Cost of living in Southfield 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 Southfield 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 Southfield is 96, with 100 being the average.
The cost of living index in Southfield is 1.0x lower than the national average.
Southfield ranks as the #129 cheapest in Michigan out of 175.
Southfield ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Southfield is $176,000.
The median income in Southfield is $60,006.
Table Of Contents
Southfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Southfield, MI?
According to the most recent data on the cost of living, Southfield has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Michigan, Southfield has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Southfield ranks as #129 most affordable out of the 175 places we measured in Michigan. By definition, that implies Southfield ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Southfield, check out:
- Living In Southfield
- Southfield Crime Report
- Search Homes For Sale In Southfield, MI
In Michigan
In America
Southfield Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Southfield. Here is how it fairs on each of the criteria:
The Services index in Southfield is 110.
The Groceries index in Southfield is 100.
The Health index in Southfield is 97.
The Housing index in Southfield is 75.
The Transportation index in Southfield is 105.
The Utilities index in Southfield is 94.
| Living Expense | Southfield | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 100 | 96 | 100 | |
| Health | 97 | 94 | 100 | |
| Housing | 75 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 94 | 100 | 100 | |
Southfield, 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 Southfield is $176,000.
The Median Rent in Southfield is $1,172.
The Median Income in Southfield is $60,006.
The Home Value To Income in Southfield is 2.9x.
The Rent To Monthly Income in Southfield is 0.23x.
| Statistic | Southfield | Michigan | United States |
|---|---|---|---|
| Median Home Value | $176,000 | $172,100 | $244,900 |
| Median Rent | $1,172 | $946 | $1,163 |
| Median Income | $60,006 | $63,202 | $69,021 |
| Home Value To Income | 2.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Southfield, MI Costs By Category
Detailed Southfield Services Costs Vs. Michigan
| Item | Southfield | Michigan |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $11.26 | $10.68 |
| Bowling | $19.8 | $14.67 |
| Haircut | $18.95 | $18.62 |
| Beauty Salon | $54.27 | $39.05 |
Detailed Southfield Groceries Costs Vs. Michigan
| Item | Southfield | Michigan |
|---|---|---|
| Ground Beef | $4.55 | $4.22 |
| Fried Chicken | $1.13 | $1.39 |
| Milk | $1.44 | $2.05 |
| Potatoes | $4.18 | $3.29 |
| Pizza | $10.82 | $10.62 |
| Beer | $8.42 | $9.38 |
| Toothpaste | $2.43 | $2.34 |
Detailed Southfield Health Costs Vs. Michigan
| Item | Southfield | Michigan |
|---|---|---|
| Optometrist | $81.52 | $108.57 |
| Doctor | $104.59 | $116.17 |
| Dentist | $99.57 | $99.13 |
Detailed Southfield Transportation Costs Vs. Michigan
| Item | Southfield | Michigan |
|---|---|---|
| Gasoline | $2.25 | $2.22 |
| Tire Balancing | $58.95 | $50.07 |
Detailed Southfield Utilities Costs Vs. Michigan
| Item | Southfield | Michigan |
|---|---|---|
| All Electricity | $159.51 | $167.67 |
| Phone | $178.81 | $175.64 |
Southfield SnackAbility
/10
Cost Of Living In Cities Around Southfield
The cost of living varies in the cities and towns around Southfield. Here's a quick look at the cost of living in the most populous nearby places:
Cambridge, MA has a cost of living index of 172, 1.8x Southfield.
Brockton, MA has a cost of living index of 122, 1.3x Southfield.
Quincy, MA has a cost of living index of 139, 1.4x Southfield.
| City | Population | Cost Of Living | Vs. Southfield |
|---|---|---|---|
| Cambridge, MA | 116,892 | 172 | 1.8x |
| Brockton, MA | 104,216 | 122 | 1.3x |
| Quincy, MA | 100,544 | 139 | 1.4x |
| Newton, MA | 88,647 | 192 | 2.0x |
| Somerville, MA | 80,608 | 158 | 1.6x |
| Brookline, MA | 62,620 | 191 | 2.0x |
| Needham, MA | 31,808 | 180 | 1.9x |
| Milton, MA | 28,382 | 156 | 1.6x |
| Dedham, MA | 25,308 | 141 | 1.5x |
| Abington, MA | 16,974 | 132 | 1.4x |
