Cost of living in Bloomfield Hills
Bloomfield Hills, located in Michigan, is known for its affluent neighborhoods and high standard of living. Understanding the cost of living in this city is crucial for anyone considering moving here or planning their finances.
This guide provides a detailed breakdown of various expenses, including housing, dining, groceries, transportation, and utilities, to help you make informed decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $17.5 on average, with a range between $12 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $50, with prices ranging from $40 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.5, with a range between $8 and $10.25.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.5 to $5, imported beer $5 to $7, cappuccino $4 to $7, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.66 and $1.06 per liter, averaging $0.73.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.64 and $5.5, with an average price of $3.05.
- Eggs (Dozen) - A dozen eggs range from $1.5 to $5, averaging $2.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.31 to $13.23 per kg, while oranges range from $6.37 to $12.13 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $11 per kg, and lettuce costs $1.25 to $4.59 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1.06 per liter.
- Car Purchase - A new Volkswagen Golf costs $35,699.74, while a Toyota Corolla is priced at $26,125.82.
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2499.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2830.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3175.35.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $250, averaging $130.61.
- Internet - Internet services range from $60 to $120, with an average cost of $73.66.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Bloomfield Hills offers a high standard of living with relatively high costs in dining and housing.
Grocery prices vary significantly, with some items like fruits and vegetables showing a wide price range.
Transportation costs are moderate, with gasoline prices being relatively low compared to national averages.
Housing costs are substantial, especially for those looking to buy property in the city centre.
Conclusion
In conclusion, Bloomfield Hills presents a luxurious lifestyle with corresponding costs. While dining and housing are on the higher end, transportation and utilities offer some relief.
Prospective residents should budget carefully, especially if planning to purchase property or dine out frequently. Understanding these costs can help in making informed financial decisions.