South Lyon, MI, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for South Lyon stands at 90, which is 10% lower than the national average of 100. This makes South Lyon an attractive option for those seeking more affordable living expenses without sacrificing quality of life.
Specifically, housing costs in South Lyon are 10% below the average, while groceries and transportation are just 5% and 8% lower, respectively. Utilities and miscellaneous costs are nearly on par with the national average, with utilities at 2% higher and miscellaneous costs at 12% lower. Healthcare costs, however, are notably lower, at 15% below the average. This balanced distribution of costs makes South Lyon a practical choice for budget-conscious individuals.
South Lyon, MI, offers a cost of living that is slightly below the nationwide average. The housing index stands at 90, indicating that housing costs 10% less than the average. This makes it an attractive option for those looking to save on their housing expenses. Additionally, the groceries index is 95, which means groceries are 5% cheaper than the national average. This can be a significant benefit for families and individuals managing their budgets.
Utilities in South Lyon are priced at 98, which is just 2% above the national average. This minor increase suggests that utility costs are nearly on par with the rest of the country. Transportation costs are also slightly lower, with an index of 92, meaning they are 8% less than the average. Healthcare costs, however, are 15% lower, with an index of 85, offering potential savings for those concerned about medical expenses. The miscellaneous index of 88 indicates that other living expenses are also 12% below the national average. Overall, South Lyon provides a cost-effective living environment for many residents.
