Russell Woods, Michigan Cost Of Living

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B+

Overall 16%

Goods & Services 4%

Housing 55%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Russell Woods	Detroit	Michigan
Cost of living	84	83	89
Goods & Services	104	104	95
Groceries	93	93	88
Health care	93	93	94
Housing	45	39	74
Transportation	114	114	106
Utilities	94	94	99

Key findings

The cost of living in Russell Woods is 5% lower than the Detroit average
The cost of living in Russell Woods is 16% 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	$17.38	$17.49	0.6%
Beauty Salon	$52.83	$38.17	38.4%
Toothpaste	$1.97	$2.32	15.1%
Shampoo	$0.94	$1.01	7.1%
Movie	$11.09	$10.72	3.4%
Bowling	$19.60	$13.86	41.4%

Groceries

Item	Detroit	National avg.	Difference
Ground Beef	$3.92	$3.90	0.5%
Fried Chicken	$1.12	$1.40	19.8%
Milk	$1.27	$1.96	35.3%
Potatoes	$3.10	$3.18	2.6%
Pizza	$10.49	$10.39	0.9%
Beer	$8.15	$9.23	11.7%

Health Care

Item	Detroit	National avg.	Difference
Optometrist	$83.25	$106.34	21.7%
Doctor	$100.00	$115.25	13.2%
Dentist	$93.78	$98.38	4.7%
Ibuprofen	$8.31	$9.26	10.3%
Lipitor	$488.12	$466.47	4.6%

Housing

Item	Detroit	National avg.	Difference
Home Price	$41,000.00	$184,700.00	77.8%
Avg. Mortgage Payment	$1,257.59	$1,273.32	1.2%
Apartment Rent	$754.00	$949.00	20.5%

Transportation

Item	Detroit	National avg.	Difference
Gasoline	$2.90	$2.59	11.9%
Tire Balancing	$59.77	$48.90	22.2%

Utilities

Item	Detroit	National avg.	Difference
All Electricity	$152.80	$167.60	8.8%
Phone	$175.97	$163.42	7.7%

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, State	Population	Cost of Living Index	National Avg.
Highland Park, MI	10,978	80	-20%
River Rouge, MI	7,609	82	-18%
Ecorse, MI	9,270	82	-18%
Hamtramck, MI	21,985	82	-18%
Inkster, MI	24,738	83	-17%
Detroit, MI	683,443	83	-17%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
El Paso, TX	678,058	86	-14%
Seattle, WA	668,849	158	58%
Denver, CO	663,303	114	14%
Washington, DC	659,009	152	52%
Boston, MA	658,279	145	45%
Detroit, MI	683,443	83	-17%

Source: The Russell Woods, Detroit, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Russell Woods, Detroit, MI Cost of Living

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