Cost of Living in Bingham Farms, MI

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F
30%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
106%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Bingham Farms Michigan National
Cost of living13091100
Groceries9698100
Health care9797100
Housing20676100
Transportation9596100
Utilities100100100
Lifestyle & Entertainment9796100
Household Items10098100
Education & Childcare9495100
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Homes For Sale In Bingham Farms, MI

property for sale

24122 Bingham Pointe Dr #24

Bingham Farms, MI
property for sale

32674 Bingham Ln

Bingham Farms, MI
property for sale

32870 Bingham Ln

Bingham Farms, MI
property for sale

23301 W 14 Mile Rd

Franklin, MI

Cost Of Living Quick Facts

  • The cost of living in Bingham Farms is 43% higher than the Michigan average
  • The cost of living in Bingham Farms is 30% higher than the national average
  • Bingham Farms housing is 106% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Bingham Farms

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$260,293$21,691$6,073$7,810
      Renters$107,073$8,923$2,498$3,213

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Highland Park, MI11,0568020.3%
      Detroit, MI692,0448217.6%
      Hamtramck, MI22,1998416.2%
      Pontiac, MI61,7648416.2%
      Center Line, MI8,3988614.0%
      Bingham Farms, MI1,58013029.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Elgin town, SC1,580955.4%
      Red Lick, TX1,5801065.6%
      Cross Lake 19, MB1,580n/a 
      Ballplay, AL1,5818218.2%
      Arcadia, IN1,5798811.9%
      Bingham Farms, MI1,58013029.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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