B+
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Wixom Michigan National
Cost of living10789100
Goods & Services10293100
Groceries10399100
Health care10293100
Housing12174100
Transportation10097100
Utilities94101100

An Overview of Cost of Living in Wixom, MI

Understanding the cost of living in Wixom can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Wixom cost of living index is 107, which is 7% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

In Wixom, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Wixom will resemble that of an average city, contributing to a manageable cost of living.

Housing costs are a very significant part of the Wixom cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 21.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Wixom Affordable?

Is Wixom affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Wixom, the median home price is 39.3% higher than the national average and monthly rent prices are 20.2% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Wixom boasting a median household income of $58,886, 6.4% higher than the national average.

What Factors can Influence the Cost of Living in Wixom?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Wixom, the groceries index is 3.4% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Wixom, healthcare costs are 2.2% higher than the national average.

Where is the Data From?

The Wixom cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Wixom is 20% higher than the Michigan average
  • The cost of living in Wixom is 7% higher than the national average
  • Wixom housing is 21% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Wixom

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Compare Wixom, MI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$112,526$9,377$2,625$3,376
      Renters$39,601$3,300$924$1,188
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Wixom, MI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Wixom homeowners, is $112,526. This would allow for a maximum of $2,625 per month to be spent on housing costs. For renters, the median monthly income is $39,601 which would result in a maximum of $924 to be spent on rental costs.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Goods & Services

      Item Wixom National avg. Difference
      Haircut $16.80$24.2630.8%
      Beauty Salon $24.78$45.5645.6%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.13$1.2811.8%
      Movie $12.99$12.137.1%
      Bowling $12.33$18.0031.5%

      Groceries

      Item Wixom National avg. Difference
      Ground Beef $5.75$5.841.5%
      Fried Chicken $1.41$1.5710.4%
      Milk $4.78$4.672.3%
      Potatoes $4.80$4.932.8%
      Pizza $8.99$12.0925.6%
      Beer $9.04$10.4113.2%

      Health Care

      Item Wixom National avg. Difference
      Optometrist $85.00$125.6832.4%
      Doctor $103.33$135.7823.9%
      Dentist $91.00$113.2919.7%
      Ibuprofen $10.22$10.654.1%
      Lipitor $490.11$468.604.6%

      Housing

      Item Wixom National avg. Difference
      Home Price $257,200.00$184,700.0039.3%
      Avg. Mortgage Payment $1,709.07$2,346.6927.2%
      Apartment Rent $757.00$949.0020.2%

      Transportation

      Item Wixom National avg. Difference
      Gasoline $3.35$3.463.1%
      Tire Balancing $56.00$59.926.5%

      Utilities

      Item Wixom National avg. Difference
      All Electricity $219.20$193.9913.0%
      Phone $184.44$192.254.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Pontiac, MI59,7148613.5%
      Garden City, MI26,565936.8%
      Westland, MI81,713945.9%
      Dearborn Heights, MI55,630945.7%
      Walled Lake, MI7,153982.5%
      Wixom, MI13,9701076.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Powell River, BC13,967n/a 
      Cayce, SC13,964945.8%
      Sainte-Marie, QC13,983n/a 
      Dolbeau-Mistassini, QC13,956n/a 
      Hidalgo, TX13,9848316.9%
      Wixom, MI13,9701076.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.