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Melvindale, MI vs Wayland, MI

77
Melvindale
Michigan
VS
-6.2%
83
Wayland
Michigan

Melvindale is moderately more affordable than Wayland, with a 6.2% lower cost of living index. Melvindale scores 77 compared to 83 for Wayland, where the US average is 100. This difference means residents of Wayland can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Melvindale is $1,116/month compared to $1,085/month in Wayland — a 3% difference. Interestingly, home values tell a different story: while Wayland has cheaper rent, Melvindale actually has lower median home values ($113,100 vs $201,200).

Median household income in Melvindale is $41,356 compared to $71,797 in Wayland (-42.4%). While Wayland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Melvindale spend roughly 32.4% of their income on rent, more than the 18.1% in Wayland. The Wayland ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Income & Cost

Cost of Living Index
Melvindale
77
6% cheaper
Wayland
83
Median Household Income
Melvindale
$41,356
Wayland
$71,797
42% higher

Housing

Median Rent
Melvindale
$1,116
Wayland
$1,085
3% cheaper
Median Home Value
Melvindale
$113,100
44% cheaper
Wayland
$201,200
Population
Melvindale
12,605
Wayland
4,430

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

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