Cost of Living in Southfield, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.1
100 = national avg
+14.1 vs national average
Living Wage (1 Adult)
$50,198
per year
Living Wage (Family of 4)
$118,649
per year
Cost Index by Category
Housing139.8
Food100.3
Transportation94.3
Healthcare100.3
Utilities108.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Southfield is 114.1, which is 14.1% above the national average. Housing costs are above the national average at an index of 139.8. A single adult needs to earn approximately $50,198 per year to cover basic expenses.