| Index | Fenton | Michigan | National |
| Cost of living | 95 | 91 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 93 | 97 | 100 |
| Housing | 94 | 76 | 100 |
| Transportation | 92 | 96 | 100 |
| Utilities | 97 | 100 | 100 |
| Lifestyle & Entertainment | 97 | 96 | 100 |
| Household Items | 94 | 98 | 100 |
| Education & Childcare | 90 | 95 | 100 |
Understanding the cost of living in Fenton 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 Fenton cost of living index is 95, which is 5% 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 Fenton is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Wondering if Fenton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Fenton, for example, the median home price is 13.2% lower than what folks pay nationally, and monthly rent is 12% higher than the usual rates. Plus, income levels matter too, with Fenton boasting a median household income of $92,703, which is 14% higher than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Fenton, the transportation index is 7.6% 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 Fenton, the utilities index registers 3.2% lower than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Fenton, is 5.6% lower than the national average.
The Fenton cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $120,781 | $10,065 | $2,818 | $3,624 |
| Renters | $68,756 | $5,730 | $1,604 | $2,063 |
| State | General Sales Tax | With Max Surtax |
| Michigan | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Michigan | 4.25% | 4.25% |
| City | Population | Cost of Living Index | National Avg. |
| Durand, MI | 3,414 | 83 | 16.6% |
| Gaines, MI | 436 | 84 | 15.8% |
| Burton, MI | 29,181 | 85 | 14.8% |
| Lennon, MI | 444 | 86 | 14.4% |
| Byron, MI | 590 | 87 | 13.2% |
| Fenton, MI | 11,776 | 95 | 5.3% |
| City | Population | Cost of Living Index | National Avg. |
| Chino Valley, AZ | 11,776 | 111 | 10.7% |
| Emmaus, PA | 11,776 | 104 | 3.9% |
| River Edge, NJ | 11,771 | 151 | 51.3% |
| Cantley, QC | 11,767 | n/a | |
| Wakefield, VA | 11,787 | 173 | 72.9% |
| Fenton, MI | 11,776 | 95 | 5.3% |
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