Hazel Park 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.
IndexHazel ParkMichiganNational
Cost of living index8289100
IndexHazel ParkMichiganNational
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index4973100
Transportation index9897100
Utilities index105100100
An overview of the general cost of living index for Hazel Park, MI is displayed above for your reference. Residents in Hazel Park, MI enjoy a cost of living index of 82. This index is 8% lower than the Michigan average, and 18% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Hazel Park, MI, the average cost of goods and services is 1% higher than it is in Michigan, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Hazel Park is 8% lower than the Michigan average.
  • The cost of living in Hazel Park is 18% lower than the national average.
  • The cost of housing in Hazel Park is 51% lower 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.

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Compare Hazel Park, MI Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Hazel Park, MI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Hazel Park, MI, then you would need to earn more income in order to maintain the same standard of living. To use the Hazel Park, MI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,265$3,522$986$1,268
Renters$19,344$1,612$451$580
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hazel Park, MI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Hazel Park, MI homeowners have a median income of $42,265. Using that number, you will come up with a maximum of $986 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,344, which means there is a maximum of $451 to be spent on the costs of renting a home or apartment.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
When considering the overall cost of living expenses in Hazel Park, MI, it's important to take into account the sales tax for Michigan, as well as the rate for income tax in Michigan. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Michigan is 6%, and the sales tax in the state of Michigan is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Michigan starts from 4.25% and goes up to 4.25%.

Goods & Services

ItemHazel ParkNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%

Groceries

ItemHazel ParkNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemHazel ParkNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%

Housing

ItemHazel ParkNational avg.Difference
Home Price $49,100.00$175,700.0072.1%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $889.00$920.003.4%

Transportation

ItemHazel ParkNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%

Utilities

ItemHazel ParkNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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, MI10,95178-22%
Hamtramck, MI22,25678-22%
River Rouge, MI7,76179-21%
Ecorse, MI9,40179-21%
Center Line, MI8,27980-20%
Hazel Park, MI16,53282-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pinewood, FL16,53197-3%
Phoenixville, PA16,53011616%
Susanville, CA16,5371044%
New Milford, NJ16,52414949%
Easton, MD16,54111818%
Hazel Park, MI16,53282-18%
Source: The Hazel Park, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.