Inkster, MI

Very Low · 58

Michigan · Population 25,602 · Updated March 2026

$1,127
Median Rent / Month
$39,632
Median Income
$75,700
Median Home Value
$979
Owner Costs / Month

Affordability

How far your income goes in Inkster

34.1%
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

$13,524
Annual Rent
$1,684
State Income Tax
$1,045
Property Tax (est.)

Cost of Living Overview

Inkster is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 58 (where 100 equals the national median), Inkster residents can expect to pay median rent of $1,127/month while earning a median household income of $39,632/year.

The median home value in Inkster, MI is $75,700, with typical monthly owner costs around $979 including mortgage, insurance, and taxes. At 34.1% rent-to-income ratio, residents of Inkster are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Inkster.

Frequently Asked Questions

Common questions about living costs in Inkster

What is the cost of living in Inkster, MI?
The cost of living index in Inkster, MI is 58 (US average = 100). Median monthly rent is $1,127, median household income is $39,632/year, and the median home value is $75,700.
Is Inkster, MI affordable?
Yes, Inkster is more affordable than the national average with a cost index of 58. The rent-to-income ratio is 34.1%—above the 30%% affordability threshold.
What is the average rent in Inkster, MI?
The median gross rent in Inkster, MI is $1,127 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,524.
What is the median household income in Inkster?
The median household income in Inkster, MI is $39,632 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%.