The cost of living index in Ferndale, MI, shows that housing costs are 10% below the nationwide average, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are slightly above the average. Specifically, housing stands at 90, groceries at 96, utilities at 97, transportation at 95, healthcare at 98, and miscellaneous at 92. This data suggests that Ferndale offers a relatively affordable living environment, especially in housing, compared to the national average.
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 stand at 90, indicating that residents spend 10% less on housing compared to the national average. This lower housing cost can be a significant advantage for those looking to relocate or start a new job in Ferndale.
In other areas, Ferndale also offers competitive costs. Groceries cost 96, which is 4% less than the national average. Utilities are slightly higher at 97, but still only 3% above the average. Transportation costs are at 95, meaning they are 5% below the national average. Healthcare costs are slightly higher, at 98, but only 2% above the average. Miscellaneous expenses are at 92, which is 8% less than the national average. Overall, Ferndale provides a cost of living that is close to the national average, with some areas offering savings.
