Oakfield, MI Cost of Living


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Oakfield cost of living score
94.5
Less expensive
5.5% lower
than the US average
3.3% higher
than the Michigan average
Oakfield, Michigan gets a BestPlaces Cost of Living score of 94.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.5% lower than the U.S. average and 3.3% lower than the average for Michigan.

Oakfield, MI

Housing costs in Oakfield?
A typical home costs $340,000, which is 0.6% more expensive than the national average of $338,100 and 55.5% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Oakfield costs $1,130 per month, which is 21.0% cheaper than the national average of $1,430 and 2.7% more than the state average of $1,100.

Can I afford Oakfield?
To live comfortably in Oakfield, Michigan, a minimum annual income of $65,160 for a family, and $37,600 for a single person is recommended.

What does A.I. say about Oakfield?
Oakfield, MI is an affordable place to live with a low cost of living. The median home price is around $100,000, which is significantly lower than the US average of $229,00. Renting an apartment in Oakfield will also be less expensive than most areas, with an average rent rate of about $750per month. With access to all the amenities and a short commute to nearby cities like Grand Rapids and Lansing, Oakfield offers a great balance between affordability and convenience.
   Cost of living score
     CategoriesOakfieldMichiganUnited States
  94.591.5100.0
  95.593.4100
  81.284.8100.0
  91.571.2100.0
  $340,000$218,700$338,100
  100.0%100.1%100.0%
  112.7115.1100.0
  100.795.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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