Bingham Farms cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBingham FarmsMichiganNational
Cost of living index13689100
IndexBingham FarmsMichiganNational
Goods & Services index10994100
Groceries index10194100
Health care index111100100
Housing index20973100
Transportation index103101100
Utilities index9496100

Did you know?

  • The cost of living in Bingham Farms is 53% higher than the Michigan average.
  • The cost of living in Bingham Farms is 36% higher than the national average.
  • The cost of housing in Bingham Farms is 109% higher than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

Find Real Estate Listings In Bingham Farms

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Bingham Farms

Compare Bingham Farms, MI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$133,375$11,115$3,112$4,002
Renters$59,583$4,965$1,390$1,788

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemBingham FarmsNational avg.Difference
Haircut $18.34$15.5617.9%
Beauty Salon $41.74$36.1115.6%
Toothpaste $2.96$2.4719.7%
Shampoo $0.73$0.9624.0%
Movie $11.00$10.138.6%
Bowling $3.58$4.7424.4%

Groceries

ItemBingham FarmsNational avg.Difference
Ground Beef $4.51$3.9813.2%
Fried Chicken $2.02$1.4143.3%
Milk $1.93$2.066.3%
Potatoes $3.31$2.9811.0%
Pizza $9.65$9.471.9%
Beer $7.81$8.7911.2%

Health Care

ItemBingham FarmsNational avg.Difference
Optometrist $84.26$101.0416.6%
Doctor $139.39$107.4429.7%
Dentist $100.94$90.4211.6%
Ibuprofen $8.20$9.2811.7%
Lipitor $439.61$426.503.1%

Housing

ItemBingham FarmsNational avg.Difference
Home Price $360,900.00$175,700.00105.4%
Avg. Mortgage Payment $1,166.18$1,133.232.9%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemBingham FarmsNational avg.Difference
Gasoline $1.94$1.992.7%
Tire Balancing $53.61$45.7617.2%

Utilities

ItemBingham FarmsNational avg.Difference
All Electricity$182.66$163.8111.5%
Phone $20.00$28.3929.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Highland Park, MI10,95179-21%
Hamtramck, MI22,25679-21%
Center Line, MI8,27985-15%
Detroit, MI695,43781-19%
Pontiac, MI59,65887-13%
Bingham Farms, MI1,22013636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Calverton Park, MO1,22087-13%
Dunnstown, PA1,22097-3%
Dierks, AR1,22080-20%
Bessemer, PA1,22083-17%
Stony Prairie, OH1,21988-12%
Bingham Farms, MI1,22013636%
Source: The Bingham Farms, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.