Fraser, MI, has a cost of living index that is slightly below the nationwide average. The overall cost of living index for Fraser stands at 94, which is 6% lower than the national average of 100. This means residents in Fraser can expect to pay less for most goods and services compared to the average American.
Specifically, housing costs in Fraser are 11% below the national average, while groceries and utilities are just 6% and 3% below, respectively. Transportation and healthcare costs are also slightly lower, at 5% and 2% below the average. Miscellaneous expenses, though, are 10% below the national average, offering a more affordable living experience in Fraser.
Fraser, MI, offers a cost of living that is slightly lower than the nationwide average. The housing index in Fraser stands at 89, which is 11% below the average of 100. This means that housing expenses in Fraser are more affordable compared to the national average. Additionally, groceries in Fraser are priced at 94, which is 4% less than the average. This slight reduction can make a difference for those managing a household budget.
Utilities in Fraser are priced at 97, which is 3% above the national average. This indicates that while most expenses are relatively lower, there is a minor increase in utility costs. Transportation costs in Fraser are at 95, which is 5% lower than the average, offering some relief for those who rely on personal vehicles. Healthcare costs in Fraser are slightly higher, at 98, which is 2% above the average. However, miscellaneous costs are at 90, which is 10% below the average, providing some balance in overall spending. Overall, Fraser presents a cost of living that is generally favorable for those looking to manage their expenses effectively.
