The cost of living index in Ferndale, MI, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Ferndale are 10% below the national average, while groceries and utilities are slightly below at 5% and 8% respectively. Transportation, however, is slightly higher at 2% above the average, and healthcare costs match the national average. Overall, Ferndale offers a cost of living that is 95% of the national average, making it a competitive option for job seekers.
The cost of living index in Ferndale, MI, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing, a significant expense, stands at 90 in Ferndale, indicating that it costs 10% less than the national average. This makes Ferndale an attractive option for those seeking more affordable housing options without sacrificing quality.
In other areas, Ferndale also presents competitive costs. Groceries cost 95, which is 5% less than the average. Utilities are priced at 92, meaning they are 8% cheaper. Transportation, however, slightly exceeds the national average at 98, indicating a minor increase of 2%. Healthcare costs remain at par with the national average at 100, ensuring no extra burden in this critical area. Miscellaneous expenses are at 93, which is 7% below the average. Overall, Ferndale offers a cost of living that is slightly below the national average, making it a practical choice for many.