Farmington, MI, has a cost of living index that is slightly below the nationwide average. The overall index stands at 95, which means it costs 5% less to live there compared to the national average of 100. Housing is the most affordable category, with an index of 86, while utilities are slightly higher at 105. This balance makes Farmington an attractive option for those seeking a more affordable lifestyle without significant sacrifices in other areas.
Farmington, MI, offers a cost of living that is slightly below the nationwide average. The housing index stands at 86, which means housing costs are 14% lower than the national average. This makes it an attractive option for those looking for more affordable living arrangements without sacrificing too much in terms of quality.
Other expenses in Farmington also compare favorably to the national average. For instance, groceries cost 95% of the national average, indicating minor savings in this area. Utilities, however, are slightly higher at 105%, meaning residents might spend a bit more on electricity, gas, and water. Transportation costs are close to the national average at 102%, while healthcare costs are slightly lower at 97%. Miscellaneous expenses, which include items like entertainment and personal care, are at 92%, offering additional savings. Overall, Farmington provides a balanced cost of living that is mostly favorable for residents.