Cheshire, MI Cost of Living


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Cheshire cost of living score
93.1
Less expensive
6.9% lower
than the US average
1.7% higher
than the Michigan average
Cheshire, Michigan gets a BestPlaces Cost of Living score of 93.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.9% lower than the U.S. average and 1.7% lower than the average for Michigan.

Cheshire, MI

Housing costs in Cheshire?
A typical home costs $190,000, which is 43.8% less expensive than the national average of $338,100 and 13.1% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Cheshire costs $940 per month, which is 34.3% more than the national average of $1,430 and 17.0% more than the state average of $1,100.

Can I afford Cheshire?
To live comfortably in Cheshire, Michigan, a minimum annual income of $36,360 for a family, and $28,800 for a single person is recommended.

What does A.I. say about Cheshire?
Cheshire, MI is an affordable place to live. The cost of living here is about ten percent lower than the national average, and housing costs are especially low. Prices for basic necessities are reasonable as well. Groceries, utilities, and other services come at a reasonable cost when compared to other towns in the area. All in all, Cheshire is a great option for those looking for an affordable place to live without sacrificing quality of life.
   Cost of living score
     CategoriesCheshireMichiganUnited States
  93.191.5100.0
  93.193.4100
  92.884.8100.0
  50.171.2100.0
  $190,000$218,700$338,100
  100.5%100.1%100.0%
  110.5115.1100.0
  89.895.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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