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CARMEL vs. TROY
Cost of Living Comparison
Comparison
Food
Housing
Utilities
Commute
Health
Taxes
Childcare
Personal
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Carmel, Indiana vs. Troy, Michigan
Cost of Living Comparison
The cost of living in Troy, Michigan is
2.8%
cheaper
than Carmel, Indiana.
You would need a salary of
$87,485
in Troy, Michigan to maintain the standard of living you have in Carmel, Indiana.
Comparison highlights
• Overall, Troy, Michigan is
cheaper
than Carmel, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
23% cheaper in Troy
than in Carmel, Indiana
Carmel, IN vs. Troy, MI
Compared to Carmel, Troy is:
Homeowner
No Child Care, Taxes not Considered
2.8% lower
Child Care
, Taxes not Considered
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Child Care, Taxes Considered
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No Child Care,
Taxes Considered
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Renter
No Child Care, Taxes not Considered
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Child Care
, Taxes not Considered
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Child Care, Taxes Considered
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No Child Care,
Taxes Considered
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Food
0.3% lower
Housing (Homeowner)
10.8% lower
Housing (Rent)
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Median Home Cost
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Utilities
9.1% higher
Commute
30.6% higher
Health
19.7% lower
Taxes
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Childcare
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Personal
0.4% lower
Cost of Food
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