Cost of living in Waterford
Waterford, MI, located in the United States, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in Waterford is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of expenses in Waterford, including dining, groceries, transportation, housing, and utilities, 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 $18.49 on average, with a range between $12 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $65, with prices ranging from $50 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.5, with a range between $8 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10.62, imported beer $4 to $12, cappuccino $3 to $11, and Coke/Pepsi $2 to $3.5.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.32 per liter, averaging $0.83.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.99 and $6.6, with an average price of $3.06.
- Eggs (Dozen) - A dozen eggs range from $2 to $4, averaging $2.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.83 to $17.61 per kg, while oranges range from $2.76 to $15.43 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.86 and $3.31 per kg, and lettuce costs $1.09 to $4.39 per head.
Transportation
- Public Transport (Monthly Pass) - A monthly pass for local transport is priced at $50.
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $0.94 per liter.
- Taxi Fares - Taxi fares start at $4.7, with a cost of $1.4 to $2 per km and $25 to $31.5 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- 3-Bedroom Apartment Rent (City Centre) - Data not provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- Buying Price per Square Meter (City Centre) - Data not provided.
- Buying Price per Square Meter (Outside Centre) - Data not provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $250, averaging $117.65.
- Internet - Internet services range from $40 to $100, with an average cost of $58.43.
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"
Waterford, MI, presents a moderate cost of living with dining and grocery prices that are relatively affordable compared to larger metropolitan areas.
Transportation costs are reasonable, with gasoline prices being quite low, though public transport options may be limited.
Housing data is not provided, which suggests potential variability in rental and purchase prices, emphasizing the need for further research for prospective residents.
Conclusion
In conclusion, Waterford, MI, offers a balanced cost of living that can appeal to both families and individuals.
While some areas like dining and transportation are affordable, the lack of detailed housing data suggests that potential residents should conduct additional research.
Overall, Waterford provides a comfortable living environment with essential amenities at reasonable prices.