Cadillac, MI

Very Low · 50

Michigan · Population 10,404 · Updated March 2026

$806
Median Rent / Month
$50,512
Median Income
$117,500
Median Home Value
$828
Owner Costs / Month

Affordability

How far your income goes in Cadillac

19.1%
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

$9,672
Annual Rent
$2,147
State Income Tax
$1,622
Property Tax (est.)

Cost of Living Overview

Cadillac is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 50 (where 100 equals the national median), Cadillac residents can expect to pay median rent of $806/month while earning a median household income of $50,512/year.

The median home value in Cadillac, MI is $117,500, with typical monthly owner costs around $828 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.1% 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 Cadillac.

Frequently Asked Questions

Common questions about living costs in Cadillac

What is the cost of living in Cadillac, MI?
The cost of living index in Cadillac, MI is 50 (US average = 100). Median monthly rent is $806, median household income is $50,512/year, and the median home value is $117,500.
Is Cadillac, MI affordable?
Yes, Cadillac is more affordable than the national average with a cost index of 50. The rent-to-income ratio is 19.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cadillac, MI?
The median gross rent in Cadillac, MI is $806 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,672.
What is the median household income in Cadillac?
The median household income in Cadillac, MI is $50,512 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%.