The cost of living index in Walled Lake, MI, shows a lower housing cost than the nationwide average. Housing is 15% below the national average, while other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses are close to or slightly below average. This indicates that, overall, living in Walled Lake may be less expensive than the national average.
The cost of living in Walled Lake, MI, provides a favorable comparison to the nationwide average, which is indexed at 100. Notably, the housing index stands at 85, which means it costs about 15% less than the national average. This reduction in housing expenses can be a significant advantage for those relocating or considering long-term stays in Walled Lake.
Additionally, the grocery index in Walled Lake is 95, meaning it is nearly at par with the national average, differing by only 5%. Utilities and transportation also reflect minor deviations, with indexes of 90 and 95, respectively. This consistency suggests that maintaining a similar lifestyle in Walled Lake might be cost-effective compared to other areas. Healthcare, at an index of 100, aligns exactly with the national average, offering no extra or reduced costs in this essential area. Overall, Walled Lake presents a balanced living environment where most expenses are slightly lower than the national average, making it a potentially attractive option for cost-conscious individuals.
