Hazel Park, MI

Very Low · 69

Michigan · Population 14,945 · Updated March 2026

$1,221
Median Rent / Month
$62,878
Median Income
$141,200
Median Home Value
$1,058
Owner Costs / Month

Affordability

How far your income goes in Hazel Park

23.3%
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

$14,652
Annual Rent
$2,672
State Income Tax
$1,949
Property Tax (est.)

Cost of Living Overview

Hazel Park is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Hazel Park residents can expect to pay median rent of $1,221/month while earning a median household income of $62,878/year.

The median home value in Hazel Park, MI is $141,200, with typical monthly owner costs around $1,058 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.3% 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 Hazel Park.

Frequently Asked Questions

Common questions about living costs in Hazel Park

What is the cost of living in Hazel Park, MI?
The cost of living index in Hazel Park, MI is 69 (US average = 100). Median monthly rent is $1,221, median household income is $62,878/year, and the median home value is $141,200.
Is Hazel Park, MI affordable?
Yes, Hazel Park is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 23.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hazel Park, MI?
The median gross rent in Hazel Park, MI is $1,221 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,652.
What is the median household income in Hazel Park?
The median household income in Hazel Park, MI is $62,878 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%.