Cost of living in Farmington Hills
Farmington Hills, located in Michigan, is a vibrant city known for its suburban charm and proximity to Detroit. Understanding the cost of living here is crucial for both current residents and those considering a move.
The cost of living encompasses various aspects such as housing, transportation, groceries, and dining, all of which contribute to the overall expenses of living in Farmington Hills.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $10 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $40 to $90.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $8.99 and $13.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $7, imported beer $5.5 to $8, cappuccino $2 to $7, and Coke/Pepsi $1.75 to $3.
Grocery Prices
- Milk - Milk is priced between $0.63 and $4 per liter, averaging $0.86.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.46 and $4.41, with an average price of $2.95.
- Eggs (Dozen) - A dozen eggs range from $2.8 to $4, averaging $3.6.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $11.02 per kg, while oranges range from $4.96 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.49 and $11.02 per kg, and lettuce costs $1.99 to $3.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $3.
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $0.99 per liter.
- Taxi Fares - Taxi fares start at $5.25, with a cost of $1.55 per km and $48 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1100 to $2100, averaging $1466.67.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1100 to $2000, averaging $1616.67.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2100 to $3400, averaging $2750.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2800.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2917.02.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1689.93.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $119 and $250, averaging $150.
- Internet - Internet services range from $45 to $200, with an average cost of $60.
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"
Farmington Hills offers a moderate cost of living with reasonable housing and dining expenses. The city provides a balance between urban amenities and suburban tranquility.
Transportation costs are manageable, with public transport and fuel prices being relatively affordable. Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Grocery prices are varied, with some items like milk and bread being quite affordable, while others like fruits and vegetables can be more expensive.
Conclusion
In conclusion, Farmington Hills presents a balanced cost of living, making it an attractive option for families and individuals seeking a suburban lifestyle with access to urban conveniences.
Potential residents should consider their priorities, such as proximity to the city centre versus more affordable housing options outside the centre, to make the most of their budget.