Wixom, MI Cost Of Living
Cost Of Living In Wixom, MI Summary
Cost of living in Wixom 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 Wixom 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 Wixom is 101, with 100 being the average.
The cost of living index in Wixom is 1.0x higher than the national average.
Wixom ranks as the #148 cheapest in Michigan out of 175.
Wixom ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Wixom is $280,000.
The median income in Wixom is $72,579.
Table Of Contents
Wixom's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Wixom, MI?
According to the most recent data on the cost of living, Wixom has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Michigan, Wixom has a cost of living index that's 1.1x higher than Michigan's index of 92.
The standard of living in Wixom ranks as #148 most affordable out of the 175 places we measured in Michigan. By definition, that implies Wixom ranks as the #27 most expensive place in the Wolverine State.
For more reading on life in Wixom, check out:
- Living In Wixom
- Wixom Crime Report
- Search Homes For Sale In Wixom, MI
In Michigan
In America
Wixom Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Wixom. Here is how it fairs on each of the criteria:
The Services index in Wixom is 109.
The Groceries index in Wixom is 101.
The Health index in Wixom is 94.
The Housing index in Wixom is 97.
The Transportation index in Wixom is 105.
The Utilities index in Wixom is 98.
| Living Expense | Wixom | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 94 | 94 | 100 | |
| Housing | 97 | 80 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Wixom, 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 Wixom is $280,000.
The Median Rent in Wixom is $823.
The Median Income in Wixom is $72,579.
The Home Value To Income in Wixom is 3.9x.
The Rent To Monthly Income in Wixom is 0.14x.
| Statistic | Wixom | Michigan | United States |
|---|---|---|---|
| Median Home Value | $280,000 | $172,100 | $244,900 |
| Median Rent | $823 | $946 | $1,163 |
| Median Income | $72,579 | $63,202 | $69,021 |
| Home Value To Income | 3.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Wixom, MI Costs By Category
Detailed Wixom Services Costs Vs. Michigan
Detailed Wixom Groceries Costs Vs. Michigan
Detailed Wixom Health Costs Vs. Michigan
Detailed Wixom Transportation Costs Vs. Michigan
Detailed Wixom Utilities Costs Vs. Michigan
Wixom SnackAbility
/10
Cost Of Living In Cities Around Wixom
The cost of living varies in the cities and towns around Wixom. 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, 1.1x Wixom.
Troy, MI has a cost of living index of 113, 1.1x Wixom.
Farmington Hills, MI has a cost of living index of 107, 1.1x Wixom.
| City | Population | Cost Of Living | Vs. Wixom |
|---|---|---|---|
| Ann Arbor, MI | 122,731 | 113 | 1.1x |
| Troy, MI | 86,912 | 113 | 1.1x |
| Farmington Hills, MI | 83,749 | 107 | 1.1x |
| Novi, MI | 65,369 | 113 | 1.1x |
| Royal Oak, MI | 58,368 | 101 | 1.0x |
| Birmingham, MI | 21,728 | 134 | 1.3x |
| Berkley, MI | 15,234 | 102 | 1.0x |
| South Lyon, MI | 11,786 | 101 | 1.0x |
| Clawson, MI | 11,482 | 99 | 1.0x |
| Farmington, MI | 11,481 | 99 | 1.0x |
