Zip 48307 (Rochester Hills, MI) Cost of Living


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How much do I need to live in Rochester Hills, Michigan?
$5,790 / month
for a family, 7.2% more expensive than the national average A total of $69,480 for the year for a family.
$4,100 / month
for a single person, 14.0% less expensive than the national average A total of $49,200 for the year for a single person.

Rochester Hills cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Rochester Hills (zip 48307), Michigan gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 14.6% higher than the average for Michigan.

Zip 48307 (Rochester Hills, MI)

Housing costs in Rochester Hills?
A typical home costs $363,300, which is 7.5% more expensive than the national average of $338,100 and 66.1% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Rochester Hills costs $1,570 per month, which is 42.7% more than the national average of $1,100 and 22.3% more than the state average of $1,220.

Can I afford Rochester Hills?
To live comfortably in Rochester Hills (zip 48307), Michigan, a minimum annual income of $69,480 for a family, and $49,200 for a single person is recommended.

What does A.I. say about Rochester Hills?
The cost of living in the Rochester Hills, MI zip code 48307 is quite high. The overall index for the area is 132.3, which is 32.3% higher than the national average. This means that housing costs are particularly expensive and residents must pay more to purchase basic necessities such as food, transportation, healthcare, and other goods and services. Additionally, taxes are relatively high compared to other areas in the state and country, making it difficult for residents to save money or buy luxuries. Despite its high cost of living, Rochester Hills is an attractive place to live due to its excellent school district and its close proximity to Detroit's many attractions.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRochester HillsMichiganUnited States
    Unlock91.5100.0
  99.6  Unlock100.0
    Unlock84.8100.0
  115.8  Unlock100.0
    Unlock$218,700$338,100
  99.6  Unlock100.0
    Unlock115.1100.0
  125.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Rochester Hills
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Over 19 years ago

The housing market is in the toilet. The big three, as well as some of their major suppliers, are in serious financial trouble. The automotive industry is alive and  More

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