Oak Park, MI, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Oak Park stands at 95, which means it is 5% less expensive than the national average of 100. In detail, housing costs in Oak Park are 8% lower than the national average, while groceries are slightly above at 4% higher. Utilities and transportation in Oak Park are also more affordable, with savings of 5% and 10%, respectively. Healthcare costs match the national average, offering no change in expense. Miscellaneous costs are 4% lower, rounding out the overall lower cost of living in Oak Park, MI.
The cost of living in Oak Park, Michigan, presents a mixed picture when compared to the nationwide average. Housing costs, for instance, are slightly below the national average, with an index of 92. This means residents can expect to pay around 8% less for housing compared to the average American. Similarly, the utilities index stands at 95, suggesting a modest 5% savings in this category.
Meanwhile, groceries in Oak Park are more expensive than the national average, with an index of 104. This indicates a 4% higher cost for groceries. Transportation costs are also slightly lower, with an index of 90, reflecting a 10% savings. Healthcare costs remain at par with the national average, maintaining a steady index of 100, indicating no difference in price. Miscellaneous costs, with an index of 96, are 4% less than the national average. Overall, Oak Park offers more affordable housing and utilities while presenting slightly higher grocery prices.
