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Buchanan, MI vs Woodhaven, MI

72
Buchanan
Michigan
VS
-14%
83
Woodhaven
Michigan

Buchanan is moderately more affordable than Woodhaven, with a 14% lower cost of living index. Buchanan scores 72 compared to 83 for Woodhaven, where the US average is 100. This difference means residents of Woodhaven can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Buchanan is $952/month compared to $1,015/month in Woodhaven — a 6% difference. Home values follow the same pattern: Buchanan is more affordable at $138,400 median vs $221,200.

Median household income in Buchanan is $54,068 compared to $83,291 in Woodhaven (-35.1%). While Woodhaven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Buchanan spend roughly 21.1% of their income on rent, more than the 14.6% in Woodhaven.

Income & Cost

Cost of Living Index
Buchanan
72
14% cheaper
Woodhaven
83
Median Household Income
Buchanan
$54,068
Woodhaven
$83,291
35% higher

Housing

Median Rent
Buchanan
$952
6% cheaper
Woodhaven
$1,015
Median Home Value
Buchanan
$138,400
37% cheaper
Woodhaven
$221,200
Population
Buchanan
4,259
Woodhaven
12,761

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Buchanan $2.88
Woodhaven $3.00
US $3.07
🥚
Eggs (grade A, large)
Buchanan $2.35
Woodhaven $2.45
US $2.50
🥛
Milk (whole)
Buchanan $3.79
Woodhaven $3.94
US $4.03
🍞
Bread (white)
Buchanan $1.74
Woodhaven $1.81
US $1.85
🍗
Chicken breast
Buchanan $3.90
Woodhaven $4.06
US $4.14
Electricity
Buchanan $0.18
Woodhaven $0.20
US $0.19