Farmington, MI, has a cost of living index that is slightly below the nationwide average. The overall index stands at 97, indicating that residents generally spend 3% less on living expenses compared to the national average of 100. Housing costs in Farmington are notably lower, with an index of 91, while utilities and groceries remain close to the average. This makes Farmington an attractive option for those seeking a more affordable lifestyle without significant compromises.
Farmington, MI, offers a cost of living that is slightly below the national average. The housing index stands at 91, which means housing costs are 9% lower than the average. This can be a significant advantage for those looking to save on their monthly expenses. Additionally, groceries are priced at 95, indicating a 5% reduction compared to the nationwide average. This makes it easier for residents to manage their food budgets.
Utilities in Farmington are at 98, just 2% below the national average. This small difference suggests that residents will not face significant increases in utility bills. Transportation costs align perfectly with the national average, set at 100, meaning there is no extra cost burden here. Healthcare costs are slightly higher, at 102, which is a 2% increase. However, miscellaneous expenses are at 97, which is 3% lower than the average. Overall, Farmington provides a balanced cost of living that is mostly favorable for residents.
