Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Eastwood, Michigan is a small-sized city with a population of 5,675 residents. Individuals of White (54%) and Black or African American (31%) backgrounds make up a significant portion of the population of the city. Eastwood is not known to have a high population (over 15 years old) of married people. At only 35% married, this city falls well below the national average. Not a fan of sitting in traffic during your commute to work? Eastwood offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Are you trying to ascertain if living in Eastwood is the right fit for your lifestyle? To ensure a great experience before moving to any new city in Michigan, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. With useful information like amenities, crime, cost of living, commute, education and other key data points, finding the best places to live in Eastwood and in the areas around Eastwood is a much easier task.
Using data and statistics Eastwood has received a livability score of 72 out of 100. This score is ranked in the 82nd percentile when compared to all other cities. There are nine total categories that form the livability score. Eastwood scores well for housing (B+) There is at least one category that you should be aware of in Eastwood. The following was graded with a concerning score: amenities (F).
Achieving a cost-effective lifestyle can be pivotal in managing your monthly expenditures, especially given the ongoing upward trajectory of everday goods and housing prices. In Eastwood, residents are fortunate to experience a cost of living that is 21.21% below the national average. This advantageous positioning extends its impact to a wide spectrum of expenses, encompassing not only goods and services but also transportation and health care costs. As a result, this area stands out as a place where your money stretches further, ensuring that you can maintain a more economical and sustainable lifestyle. This affordability becomes increasingly valuable in an era marked by soaring costs, making Eastwood an attractive choice for those seeking financial prudence without compromising on quality of life.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Eastwood market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Assuming that Eastwood meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Eastwood. Everything else becomes a lot less important if it turns out that home prices in Eastwood are simply unattainable. The median home price for Eastwood homes is $84,000, which is 34.3% lower than the Michigan average. If we take a closer look at the affordability of homes in Eastwood, we’ll see that the home price to income ratio is 1.6, which is 36% lower than the Michigan average.
| Statistic | Eastwood | Michigan | National |
| Average one way commute | 19min | 24min | 26min |
| Workers who drive to work | 75.8% | 82.5% | 76.4% |
| Workers who carpool | 13.2% | 8.8% | 9.3% |
| Workers who take public transit | 2.2% | 1.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 1.3% | 2.2% | 2.8% |
| Working from home | 5.9% | 3.7% | 4.6% |
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