Wayland, MI, has a cost of living index that is slightly below the nationwide average. The overall index stands at 91, which is 9% lower than the national average of 100. This means that residents in Wayland generally spend less on most living expenses compared to the average American.
Specifically, Wayland's housing index is 85, which is 15% below the national average. Groceries, utilities, and miscellaneous costs are also lower, while transportation and healthcare costs are close to the average. This data suggests that Wayland offers a more affordable living environment in several key areas.
Wayland, MI, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Wayland stand at 85, indicating that residents can expect to pay 15% less than the national average for housing. This reduction can be a significant advantage for those looking to purchase or rent homes in the area.
Additionally, the cost of groceries in Wayland is 90, which is 10% below the national average. This lower grocery cost can help families manage their budgets more effectively. Utilities in Wayland are priced at 95, just 5% above the national average. Transportation costs are slightly higher, with an index of 98, meaning they are 2% above the national average. Healthcare costs in Wayland are 88, which is 12% lower than the national average, offering potential savings for residents. Miscellaneous costs are at 92, which is 8% below the national average. Overall, Wayland provides a more affordable living experience in several key areas compared to the national average.
