Marquette, MI

Very Low · 72

Michigan · Population 20,691 · Updated March 2026

$958
Median Rent / Month
$55,825
Median Income
$254,100
Median Home Value
$969
Owner Costs / Month

Affordability

How far your income goes in Marquette

20.6%
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

$11,496
Annual Rent
$2,373
State Income Tax
$3,507
Property Tax (est.)

Cost of Living Overview

Marquette is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Marquette residents can expect to pay median rent of $958/month while earning a median household income of $55,825/year.

The median home value in Marquette, MI is $254,100, with typical monthly owner costs around $969 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Marquette.

Frequently Asked Questions

Common questions about living costs in Marquette

What is the cost of living in Marquette, MI?
The cost of living index in Marquette, MI is 72 (US average = 100). Median monthly rent is $958, median household income is $55,825/year, and the median home value is $254,100.
Is Marquette, MI affordable?
Yes, Marquette is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Marquette, MI?
The median gross rent in Marquette, MI is $958 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,496.
What is the median household income in Marquette?
The median household income in Marquette, MI is $55,825 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%.