Wyoming, MI Cost Of Living
Cost Of Living In Wyoming, MI Summary
Cost of living in Wyoming 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 Wyoming 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 Wyoming is 89, with 100 being the average.
The cost of living index in Wyoming is 0.9x lower than the national average.
Wyoming ranks as the #73 cheapest in Michigan out of 175.
Wyoming ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Wyoming is $150,000.
The median income in Wyoming is $61,128.
Table Of Contents
Wyoming's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wyoming, MI?
According to the most recent data on the cost of living, Wyoming has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Michigan, Wyoming has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Wyoming ranks as #73 most affordable out of the 175 places we measured in Michigan. By definition, that implies Wyoming ranks as the #102 most expensive place in the Wolverine State.
For more reading on life in Wyoming, check out:
- Living In Wyoming
- Wyoming Crime Report
- Search Homes For Sale In Wyoming, MI
In Michigan
In America
Wyoming Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Wyoming. Here is how it fairs on each of the criteria:
The Services index in Wyoming is 95.
The Groceries index in Wyoming is 91.
The Health index in Wyoming is 93.
The Housing index in Wyoming is 60.
The Transportation index in Wyoming is 108.
The Utilities index in Wyoming is 101.
| Living Expense | Wyoming | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 91 | 96 | 100 | |
| Health | 93 | 94 | 100 | |
| Housing | 60 | 80 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 101 | 100 | 100 | |
Wyoming, 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 Wyoming is $150,000.
The Median Rent in Wyoming is $968.
The Median Income in Wyoming is $61,128.
The Home Value To Income in Wyoming is 2.5x.
The Rent To Monthly Income in Wyoming is 0.19x.
| Statistic | Wyoming | Michigan | United States |
|---|---|---|---|
| Median Home Value | $150,000 | $172,100 | $244,900 |
| Median Rent | $968 | $946 | $1,163 |
| Median Income | $61,128 | $63,202 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Wyoming, MI Costs By Category
Detailed Wyoming Services Costs Vs. Michigan
Detailed Wyoming Groceries Costs Vs. Michigan
Detailed Wyoming Health Costs Vs. Michigan
Detailed Wyoming Transportation Costs Vs. Michigan
Detailed Wyoming Utilities Costs Vs. Michigan
Wyoming SnackAbility
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Cost Of Living In Cities Around Wyoming
The cost of living varies in the cities and towns around Wyoming. Here's a quick look at the cost of living in the most populous nearby places:
Grand Rapids, MI has a cost of living index of 90, 1.0x Wyoming.
Kentwood, MI has a cost of living index of 92, 1.0x Wyoming.
Forest Hills, MI has a cost of living index of 112, 1.3x Wyoming.
| City | Population | Cost Of Living | Vs. Wyoming |
|---|---|---|---|
| Grand Rapids, MI | 197,858 | 90 | 1.0x |
| Kentwood, MI | 53,884 | 92 | 1.0x |
| Forest Hills, MI | 28,327 | 112 | 1.3x |
| Walker, MI | 25,149 | 91 | 1.0x |
| Cutlerville, MI | 19,313 | 88 | 1.0x |
| Jenison, MI | 17,570 | 94 | 1.1x |
| Grandville, MI | 16,043 | 89 | 1.0x |
| Northview, MI | 15,251 | 94 | 1.1x |
| East Grand Rapids, MI | 11,381 | 115 | 1.3x |
| Comstock Park, MI | 10,202 | 89 | 1.0x |
