F
Overall 25%
Goods & Services 6%
Housing 75%
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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.
IndexHuntington WoodsMichiganNational
Cost of living12589100
Goods & Services10694100
Groceries10291100
Health care9695100
Housing17574100
Transportation106102100
Utilities99102100

Key findings

  • The cost of living in Huntington Woods is 40% higher than the Michigan average
  • The cost of living in Huntington Woods is 25% higher than the national average
  • Huntington Woods housing is 75% higher 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 Huntington Woods, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$124,261$10,355$2,899$3,728
      Renters$88,021$7,335$2,054$2,641
      To approximate the cost of living and the housing affordability in Huntington Woods, MI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Huntington Woods have a median income of $124,261. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,899 per month to avoid calamity and poverty. The renters in the city have an income of about $88,021, which would make their monthly maximum allowable rental costs $2,054.

      Michigan Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Michigan6%6%

      Michigan Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Michigan4.25%4.25%

      Goods & Services

      ItemHuntington WoodsNational avg.Difference
      Haircut $19.53$20.273.6%
      Beauty Salon $54.83$40.3935.7%
      Toothpaste $2.86$2.3621.1%
      Shampoo $0.96$1.0810.8%
      Movie $10.98$10.990.0%
      Bowling $19.73$15.4927.4%

      Groceries

      ItemHuntington WoodsNational avg.Difference
      Ground Beef $4.52$4.305.1%
      Fried Chicken $1.31$1.406.4%
      Milk $1.53$2.2030.4%
      Potatoes $4.58$3.2242.2%
      Pizza $10.99$10.742.3%
      Beer $8.74$9.608.9%

      Health Care

      ItemHuntington WoodsNational avg.Difference
      Optometrist $83.30$109.7324.1%
      Doctor $107.85$118.348.9%
      Dentist $102.97$100.942.0%
      Ibuprofen $9.06$9.938.8%
      Lipitor $497.03$469.535.9%

      Housing

      ItemHuntington WoodsNational avg.Difference
      Home Price $298,800.00$184,700.0061.8%
      Avg. Mortgage Payment $1,261.54$1,229.622.6%
      Apartment Rent $1,944.00$949.00104.8%

      Transportation

      ItemHuntington WoodsNational avg.Difference
      Gasoline $2.71$2.710.0%
      Tire Balancing $60.60$51.8616.8%

      Utilities

      ItemHuntington WoodsNational avg.Difference
      All Electricity$169.73$170.840.7%
      Phone $182.37$187.182.6%
      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

      CityPopulationCost of Living IndexNational Avg.
      Highland Park, MI10,9788217.9%
      River Rouge, MI7,6098316.6%
      Hamtramck, MI21,9858416.0%
      Detroit, MI683,4438415.7%
      Inkster, MI24,7388515.2%
      Huntington Woods, MI6,33012524.9%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Gorham, ME6,3311099.1%
      Indian Hills, NV6,3281066.5%
      South Williamsport, PA6,328927.9%
      Perth, ON6,328n/a 
      Tanglewilde, WA6,3261099.5%
      Huntington Woods, MI6,33012524.9%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.