Ionia, MI

Very Low · 56

Michigan · Population 12,950 · Updated March 2026

$789
Median Rent / Month
$60,729
Median Income
$161,100
Median Home Value
$914
Owner Costs / Month

Affordability

How far your income goes in Ionia

15.6%
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

$9,468
Annual Rent
$2,581
State Income Tax
$2,223
Property Tax (est.)

Cost of Living Overview

Ionia is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 56 (where 100 equals the national median), Ionia residents can expect to pay median rent of $789/month while earning a median household income of $60,729/year.

The median home value in Ionia, MI is $161,100, with typical monthly owner costs around $914 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.6% 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 Ionia.

Frequently Asked Questions

Common questions about living costs in Ionia

What is the cost of living in Ionia, MI?
The cost of living index in Ionia, MI is 56 (US average = 100). Median monthly rent is $789, median household income is $60,729/year, and the median home value is $161,100.
Is Ionia, MI affordable?
Yes, Ionia is more affordable than the national average with a cost index of 56. The rent-to-income ratio is 15.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ionia, MI?
The median gross rent in Ionia, MI is $789 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,468.
What is the median household income in Ionia?
The median household income in Ionia, MI is $60,729 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%.