Allen Park, MI

Very Low · 73

Michigan · Population 28,128 · Updated March 2026

$1,181
Median Rent / Month
$80,045
Median Income
$174,500
Median Home Value
$1,122
Owner Costs / Month

Affordability

How far your income goes in Allen Park

17.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$14,172
Annual Rent
$3,402
State Income Tax
$2,408
Property Tax (est.)

Cost of Living Overview

Allen Park is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Allen Park residents can expect to pay median rent of $1,181/month while earning a median household income of $80,045/year.

The median home value in Allen Park, MI is $174,500, with typical monthly owner costs around $1,122 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Allen Park.

Frequently Asked Questions

Common questions about living costs in Allen Park

What is the cost of living in Allen Park, MI?
The cost of living index in Allen Park, MI is 73 (US average = 100). Median monthly rent is $1,181, median household income is $80,045/year, and the median home value is $174,500.
Is Allen Park, MI affordable?
Yes, Allen Park is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Allen Park, MI?
The median gross rent in Allen Park, MI is $1,181 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,172.
What is the median household income in Allen Park?
The median household income in Allen Park, MI is $80,045 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.