Beverly Hills, MI

Very High · 154

Michigan · Population 10,507 · Updated March 2026

$2,208
Median Rent / Month
$175,460
Median Income
$488,800
Median Home Value
$2,117
Owner Costs / Month

Affordability

How far your income goes in Beverly Hills

15.1%
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

$26,496
Annual Rent
$7,457
State Income Tax
$6,745
Property Tax (est.)

Cost of Living Overview

Beverly Hills has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 154 (where 100 equals the national median), Beverly Hills residents can expect to pay median rent of $2,208/month while earning a median household income of $175,460/year.

The median home value in Beverly Hills, MI is $488,800, with typical monthly owner costs around $2,117 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.1% 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 Beverly Hills.

Frequently Asked Questions

Common questions about living costs in Beverly Hills

What is the cost of living in Beverly Hills, MI?
The cost of living index in Beverly Hills, MI is 154 (US average = 100). Median monthly rent is $2,208, median household income is $175,460/year, and the median home value is $488,800.
Is Beverly Hills, MI affordable?
No, Beverly Hills is more expensive than the national average with a cost index of 154. The rent-to-income ratio is 15.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Beverly Hills, MI?
The median gross rent in Beverly Hills, MI is $2,208 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,496.
What is the median household income in Beverly Hills?
The median household income in Beverly Hills, MI is $175,460 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%.