Cost of living in Royal Oak
Royal Oak, located in Michigan, United States, is a vibrant city known for its lively downtown and community-oriented atmosphere. Understanding the cost of living in Royal Oak is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of the expenses associated with living in Royal Oak, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $9 and $31.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $45 to $93.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $8 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $8, imported beer $4.5 to $10, cappuccino $1.75 to $7, and Coke/Pepsi $1.25 to $3.
Grocery Prices
- Milk - Milk is priced between $0.6 and $1.06 per liter, averaging $0.87.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.93 and $5.51, with an average price of $3.27.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $4, averaging $3.2.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.3 to $6.61 per kg, while oranges range from $1.76 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.32 and $6.61 per kg, and lettuce costs $1.25 to $3.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $3, with a monthly pass priced at $70.
- Fuel (Gasoline) - Gasoline is priced between $0.74 and $0.96 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.4 per km and $25.8 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1300 to $1700, averaging $1500.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1400.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3000 to $3500, averaging $3250.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1400 to $2700, averaging $2050.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $400, averaging $251.12.
- Internet - Internet services range from $30 to $80, with an average cost of $58.33.
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"
Royal Oak offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Royal Oak are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with public transport and fuel prices being accessible for most residents.
Housing in Royal Oak can be costly, especially in the city centre, but options outside the centre offer more affordable alternatives.
Utilities and internet services are competitively priced, contributing to a balanced cost of living.
Conclusion
In conclusion, Royal Oak, MI, presents a balanced cost of living with a mix of affordable and premium options across various categories.
While housing in the city centre can be expensive, the overall expenses for dining, groceries, and transportation remain manageable.
Prospective residents should consider their lifestyle preferences and budget to make the most of what Royal Oak has to offer.