Harper Woods, MI

Very Low · 74

Michigan · Population 15,205 · Updated March 2026

$1,306
Median Rent / Month
$61,446
Median Income
$143,600
Median Home Value
$1,213
Owner Costs / Month

Affordability

How far your income goes in Harper Woods

25.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$15,672
Annual Rent
$2,611
State Income Tax
$1,982
Property Tax (est.)

Cost of Living Overview

Harper Woods is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 74 (where 100 equals the national median), Harper Woods residents can expect to pay median rent of $1,306/month while earning a median household income of $61,446/year.

The median home value in Harper Woods, MI is $143,600, with typical monthly owner costs around $1,213 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.5%, Harper Woods falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Harper Woods.

Frequently Asked Questions

Common questions about living costs in Harper Woods

What is the cost of living in Harper Woods, MI?
The cost of living index in Harper Woods, MI is 74 (US average = 100). Median monthly rent is $1,306, median household income is $61,446/year, and the median home value is $143,600.
Is Harper Woods, MI affordable?
Yes, Harper Woods is more affordable than the national average with a cost index of 74. The rent-to-income ratio is 25.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Harper Woods, MI?
The median gross rent in Harper Woods, MI is $1,306 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,672.
What is the median household income in Harper Woods?
The median household income in Harper Woods, MI is $61,446 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%.