Russell Woods, Michigan Cost Of Living

Buy Rent

B+

Overall 14%

Goods & Services 6%

Housing 55%

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	Russell Woods	Detroit	Michigan
Cost of living	86	84	89
Goods & Services	106	106	94
Groceries	102	102	91
Health care	96	96	95
Housing	45	39	74
Transportation	106	106	102
Utilities	99	99	102

Key findings

The cost of living in Russell Woods is 3% lower than the Detroit average
The cost of living in Russell Woods is 14% lower than the national average
Russell Woods housing is 55% lower than the national average
Michigan general sales tax is 18% higher than the national average
Michigan state income tax is 72% higher than the national average

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Compare Detroit, MI Cost of Living

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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)
Household	$33,192	$2,766	$774	$996

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	Detroit	National avg.	Difference
Haircut	$19.53	$20.27	3.6%
Beauty Salon	$54.83	$40.39	35.7%
Toothpaste	$2.86	$2.36	21.1%
Shampoo	$0.96	$1.08	10.8%
Movie	$10.98	$10.99	0.0%
Bowling	$19.73	$15.49	27.4%

Groceries

Item	Detroit	National avg.	Difference
Ground Beef	$4.52	$4.30	5.1%
Fried Chicken	$1.31	$1.40	6.4%
Milk	$1.53	$2.20	30.4%
Potatoes	$4.58	$3.22	42.2%
Pizza	$10.99	$10.74	2.3%
Beer	$8.74	$9.60	8.9%

Health Care

Item	Detroit	National avg.	Difference
Optometrist	$83.30	$109.73	24.1%
Doctor	$107.85	$118.34	8.9%
Dentist	$102.97	$100.94	2.0%
Ibuprofen	$9.06	$9.93	8.8%
Lipitor	$497.03	$469.53	5.9%

Housing

Item	Detroit	National avg.	Difference
Home Price	$41,000.00	$184,700.00	77.8%
Avg. Mortgage Payment	$1,261.54	$1,229.62	2.6%
Apartment Rent	$754.00	$949.00	20.5%

Transportation

Item	Detroit	National avg.	Difference
Gasoline	$2.71	$2.71	0.0%
Tire Balancing	$60.60	$51.86	16.8%

Utilities

Item	Detroit	National avg.	Difference
All Electricity	$169.73	$170.84	0.7%
Phone	$182.37	$187.18	2.6%

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.
Highland Park, MI	10,978	82	17.9%
River Rouge, MI	7,609	83	16.6%
Ecorse, MI	9,270	84	16.1%
Hamtramck, MI	21,985	84	16.0%
Inkster, MI	24,738	85	15.2%
Detroit, MI	683,443	84	15.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
El Paso, TX	678,058	90	10.0%
Vancouver, BC	694,440	n/a
Seattle, WA	668,849	157	56.5%
Denver, CO	663,303	116	15.7%
Washington, DC	659,009	151	50.5%
Detroit, MI	683,443	84	15.7%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.

Russell Woods, Detroit, MI Cost of Living