Choosing where to raise a family is a decision that shapes daily life and a child’s future. For those seeking affordability and quality of life, Oakland County offers plenty of options.
Niche, a trusted resource for community rankings, recently released its 2024 list of Places with the Lowest Cost of Living in Oakland County. The rankings evaluate factors like home value-to-income ratios, median rent, grocery prices, and gas costs to highlight budget-friendly areas for families.
This story was updated on Dec. 11, 2024 by Metro Parent’s Audience Development Manager, Katina Beniaris. Her update included reviewing the latest information and adding a graphic. Questions? Please email katina@metroparent.com.
Best places with lowest cost of living in Oakland County
1. Ortonville
- Average home value: $224,500
- Population: 1,271
Ortonville’s own sprawling recreation area is a focal point for residents, as are nearby ski resorts Pine Knob and Mt. Holly.
2. Royal Oak Charter Township
- Average home value: $118,100
- Population: 2,400
Royal Oak Charter Township’s proximity to the bustle of nearby Ferndale and Royal Oak, paired with its own, quieter community, is appealing for active families.
3. Holly
- Average home value: $159,000
- Population: 5,997
The recreation areas and ski resorts surrounding Holly draw visitors from around the state.
4. Pontiac
- Average home value: $100,100
- Population: 61,965
Pontiac is known for its many recreation options including nightlife, concert venues, sports complexes, theaters, restaurants and more
5. Hazel Park
- Average home value: $129,300
- Population: 15,065
Residents enjoy great parks, stellar restaurants and charming neighborhoods in Hazel Park.
6. Rose Township
- Average home value: $293,800
- Population: 6,194
This tight knit community is proud of its natural resources and friendly, rural atmosphere.
7. Lake Orion
- Average home value: $323,300
- Population: 2,915
Year-round festivities suitable for the whole family add to Lake Orion’s community feel.
8. Waterford Charter Township
- Average home value: $223,300
- Population: 70,486
The Drayton Plains Community Center, Hess-Hathaway Park and Waterford Riverwalk are all located within the township.
9. Highland Charter Township
- Average home value: $299,000
- Population: 19,180
Highland Charter Township is split by M-59, giving residents easy access to park systems and bigger cities. The Highland Recreation Area, with its 44 miles of trails, is open to equestrians, mountain bikers and hikers.
10. Madison Heights
- Average home value: $172,500
- Population: 28,521
There’s plenty to do in Madison Heights–sports parks, water parks, restaurants, recreation centers and more.
Follow Metro Parent on Instagram.
