Michigan · Population 112,546 · Updated March 2026
How far your income goes in Lansing
State-level tax rates that affect your costs
Lansing 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), Lansing residents can expect to pay median rent of $976/month while earning a median household income of $52,170/year.
The median home value in Lansing, MI is $119,400, with typical monthly owner costs around $978 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% 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 Lansing.
Common questions about living costs in Lansing
Similar-sized cities to compare
Compare the cost of living in Lansing, MI with 299 other major U.S. cities