Redford, MI, offers a cost of living index that is slightly lower than the nationwide average of 100. Specifically, the overall cost of living index in Redford stands at 88, making it 12% below the national average. This lower cost of living benefits residents by providing more affordable housing, groceries, and miscellaneous expenses, while utilities, transportation, and healthcare costs remain close to the average.
Redford, MI, shows a cost of living index that varies across different categories when compared to the nationwide average of 100. Housing costs in Redford stand at 80, which means it costs 20% less than the national average. This lower cost makes it an attractive option for those looking to save on housing expenses. However, the cost of groceries is slightly higher, at 90, indicating a 10% increase over the national average.
Utilities in Redford are close to the national average, at 95, which means they are only 5% more expensive. Transportation costs also follow a similar trend, with an index of 85, suggesting a 15% savings compared to the nationwide average. Healthcare costs remain consistent with the national average at 100, offering no change in expenses for medical services. Miscellaneous expenses in Redford are at 88, showing an 12% decrease from the national average. Overall, Redford presents a mix of both lower and slightly higher costs compared to the national average, making it a balanced choice for various aspects of living expenses.
