Cost of living in Utica 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 Utica 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 Utica is 95, with 100 being the average.
The cost of living index in Utica is 0.9x lower than the national average.
Utica ranks as the #124 cheapest in Michigan out of 175.
Utica ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Utica is $173,600.
The median income in Utica is $49,918.
According to the most recent data on the cost of living, Utica has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Michigan, Utica has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Utica ranks as #124 most affordable out of the 175 places we measured in Michigan. By definition, that implies Utica ranks as the #51 most expensive place in the Wolverine State.
For more reading on life in Utica, check out:
Six factors go into calculating the cost of living index in Utica. Here is how it fairs on each of the criteria:
The Services index in Utica is 110.
The Groceries index in Utica is 101.
The Health index in Utica is 97.
The Housing index in Utica is 71.
The Transportation index in Utica is 106.
The Utilities index in Utica is 97.
Living Expense | Utica | Michigan | National Average | |
---|---|---|---|---|
Overall | 95 | 92 | 100 | |
Services | 110 | 96 | 100 | |
Groceries | 101 | 96 | 100 | |
Health | 97 | 94 | 100 | |
Housing | 71 | 80 | 100 | |
Transportation | 106 | 97 | 100 | |
Utilities | 97 | 100 | 100 |
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 Utica is $173,600.
The Median Rent in Utica is $849.
The Median Income in Utica is $49,918.
The Home Value To Income in Utica is 3.5x.
The Rent To Monthly Income in Utica is 0.2x.
Statistic | Utica | Michigan | United States |
---|---|---|---|
Median Home Value | $173,600 | $172,100 | $244,900 |
Median Rent | $849 | $946 | $1,163 |
Median Income | $49,918 | $63,202 | $69,021 |
Home Value To Income | 3.5x | 2.7x | 3.5x |
Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Utica. Here's a quick look at the cost of living in the most populous nearby places:
Warren, MI has a cost of living index of 90, 0.9x Utica.
Sterling Heights, MI has a cost of living index of 97, 1.0x Utica.
Troy, MI has a cost of living index of 113, 1.2x Utica.
City | Population | Cost Of Living | Vs. Utica |
---|---|---|---|
Warren, MI | 138,996 | 90 | 0.9x |
Sterling Heights, MI | 134,062 | 97 | 1.0x |
Troy, MI | 86,912 | 113 | 1.2x |
Rochester Hills, MI | 75,990 | 111 | 1.2x |
Royal Oak, MI | 58,368 | 101 | 1.1x |
Roseville, MI | 47,692 | 90 | 0.9x |
Madison Heights, MI | 28,719 | 88 | 0.9x |
Birmingham, MI | 21,728 | 134 | 1.4x |
Mount Clemens, MI | 15,735 | 89 | 0.9x |
Berkley, MI | 15,234 | 102 | 1.1x |