Romulus 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.
IndexRomulusMichiganNational
Cost of living index8489100
IndexRomulusMichiganNational
Goods & Services index9594100
Groceries index9194100
Health care index94100100
Housing index5373100
Transportation index104101100
Utilities index10996100
A general summary of the cost of living index in Romulus, MI is shown above. Compared to the state average of Michigan the cost of living index in Romulus, MI is 84, which is 5% lower than the average in Michigan and compared to the national average it is 16% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Romulus, MI goods and services come in at 1% higher than the average in Michigan and are 5% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Romulus is 5% lower than the Michigan average.
  • The cost of living in Romulus is 16% lower than the national average.
  • The cost of housing in Romulus is 47% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Romulus, MI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Romulus, MI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Romulus, MI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,603$4,217$1,181$1,518
Renters$30,562$2,547$713$917
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Romulus, MI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Romulus, MI has a median income of about $50,603 for people who own homes. Based on that number, a person should spend a maximum of $1,181 on expenses related to housing. Renters have a slightly different median income, which is $30,562. Based on this average, renters should spend no more than $713 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
For those who live in Romulus, MI and want to know what the true cost of living is, they ought to look at both the Michigan income tax rate and the Michigan sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Michigan, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Michigan, the income tax rate ranges between 4.25% to 4.25%.

Goods & Services

ItemRomulusNational avg.Difference
Haircut $15.87$15.561.9%
Beauty Salon $50.30$36.1139.3%
Toothpaste $2.03$2.4717.8%
Shampoo $0.77$0.9620.6%
Movie $10.05$10.130.7%
Bowling $3.57$4.7424.5%

Groceries

ItemRomulusNational avg.Difference
Ground Beef $3.45$3.9813.3%
Fried Chicken $1.15$1.4118.3%
Milk $1.76$2.0614.9%
Potatoes $3.29$2.9810.3%
Pizza $9.53$9.470.6%
Beer $8.29$8.795.8%

Health Care

ItemRomulusNational avg.Difference
Optometrist $70.00$101.0430.7%
Doctor $97.06$107.449.7%
Dentist $88.67$90.421.9%
Ibuprofen $8.21$9.2811.6%
Lipitor $439.15$426.503.0%

Housing

ItemRomulusNational avg.Difference
Home Price $68,700.00$175,700.0060.9%
Avg. Mortgage Payment $925.45$1,133.2318.3%
Apartment Rent $783.00$920.0014.9%

Transportation

ItemRomulusNational avg.Difference
Gasoline $2.04$1.992.5%
Tire Balancing $49.72$45.768.6%

Utilities

ItemRomulusNational avg.Difference
All Electricity$175.87$163.817.4%
Phone $31.51$28.3911.0%
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%
River Rouge, MI7,76180-20%
Ecorse, MI9,40180-20%
Inkster, MI25,05682-18%
Melvindale, MI10,58483-17%
Romulus, MI23,72184-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cloverleaf, TX23,73286-14%
Kingston, NY23,7071077%
South Plainfield, NJ23,68613030%
Rock Springs, WY23,68497-3%
University Park, TX23,761209109%
Romulus, MI23,72184-16%
Source: The Romulus, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.