A+
8%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Comstock Park Michigan National
Cost of living9289100
Goods & Services9093100
Groceries9599100
Health care9493100
Housing8874100
Transportation9597100
Utilities102101100

An Overview of Cost of Living in Comstock Park, MI

Understanding the cost of living in Comstock Park can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Comstock Park cost of living index is 92, which is 8% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Comstock Park aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Comstock Park residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Comstock Park Affordable?

Is Comstock Park an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Comstock Park is 12.1% lower than the national average, while the average monthly rent prices are 11.3% lower than average. The affordability of any location can also be influenced by median income levels. Comstock Park has a median household income of $51,020, which is 7.8% lower than the national average.

What Factors can Influence the Cost of Living in Comstock Park?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Comstock Park, the housing index is 11.9% lower than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Comstock Park, the transportation index stands at 5.1% lower than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Comstock Park, the utilities index registers 2.3% higher than the national average.

Where is the Data From?

The Comstock Park cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Comstock Park is 3% higher than the Michigan average
  • The cost of living in Comstock Park is 8% lower than the national average
  • Comstock Park housing is 12% lower 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 Comstock Park

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Compare Comstock Park, MI Cost of Living

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      Salary Calculator

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      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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$70,139$5,845$1,636$2,104
      Renters$38,978$3,248$909$1,169
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Comstock Park, MI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Comstock Park homeowners, is $70,139. This would allow for a maximum of $1,636 per month to be spent on housing costs. For renters, the median monthly income is $38,978 which would result in a maximum of $909 to be spent on rental costs.

      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%

      Goods & Services

      Item Comstock Park National avg. Difference
      Haircut $24.53$24.261.1%
      Beauty Salon $56.27$45.5623.5%
      Toothpaste $3.64$3.701.8%
      Shampoo $1.40$1.289.1%
      Movie $11.22$12.137.5%
      Bowling $22.17$18.0023.1%

      Groceries

      Item Comstock Park National avg. Difference
      Ground Beef $5.51$5.845.7%
      Fried Chicken $1.69$1.577.7%
      Milk $4.84$4.673.6%
      Potatoes $4.77$4.933.3%
      Pizza $10.99$12.099.1%
      Beer $9.38$10.419.9%

      Health Care

      Item Comstock Park National avg. Difference
      Optometrist $91.40$125.6827.3%
      Doctor $139.14$135.782.5%
      Dentist $120.35$113.296.2%
      Ibuprofen $10.88$10.652.1%
      Lipitor $504.80$468.607.7%

      Housing

      Item Comstock Park National avg. Difference
      Home Price $162,300.00$184,700.0012.1%
      Avg. Mortgage Payment $2,520.64$2,346.697.4%
      Apartment Rent $842.00$949.0011.3%

      Transportation

      Item Comstock Park National avg. Difference
      Gasoline $3.42$3.461.2%
      Tire Balancing $60.57$59.921.1%

      Utilities

      Item Comstock Park National avg. Difference
      All Electricity $180.47$193.997.0%
      Phone $184.98$192.253.8%
      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 Population Cost of Living Index National Avg.
      Kent City, MI1,1738317.1%
      Ravenna, MI1,4058514.6%
      Sparta, MI4,3908812.3%
      Cedar Springs, MI3,7038811.8%
      Wyoming, MI75,9999010.4%
      Comstock Park, MI10,659928.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Grey Highlands, ON10,659n/a 
      Vidor, TX10,6588614.3%
      New Port Richey East, FL10,6519010.2%
      Millington, TN10,6508811.9%
      Forestville, OH10,6481099.1%
      Comstock Park, MI10,659928.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.