The cost of living index in Wayne, MI, stands at 93, indicating it is slightly below the nationwide average of 100. Housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses in Wayne all contribute to this figure. Residents can expect to spend approximately 7% less on living expenses compared to the national average.
Each category plays a role in this overall index. For instance, housing costs are 10% below the national average, while groceries and utilities are near the national average. Transportation costs slightly exceed the average by 2%, and healthcare costs are about 12% lower. This balanced mix makes Wayne a relatively affordable place to live compared to the rest of the country.
The cost of living index in Wayne, MI, presents an interesting comparison to the nationwide average, which is set at 100. In Wayne, housing costs are slightly lower at 90, meaning residents spend about 10% less on housing compared to the national average. This reduction can be a significant advantage for those looking to buy or rent a home in Wayne.
Wayne’s grocery costs stand at 92, which is 8% less than the national average. This slight decrease can add up to substantial savings over time. Utilities in Wayne are priced at 95, just 5% below the national average. This indicates that maintaining a household in Wayne could be more affordable for many families. Transportation costs are nearly on par with the national average at 98, suggesting minimal difference in this expense. Healthcare in Wayne costs 88, about 12% less than the national average. This could be a significant benefit for job seekers prioritizing health benefits and living expenses. Miscellaneous costs also align closely at 95, showing no significant deviation. Overall, Wayne offers a cost of living that is slightly below the national average, making it an attractive option for those seeking affordability without sacrificing quality of life.
