Melvindale, MI

Very Low · 62

Michigan · Population 12,605 · Updated March 2026

$1,116
Median Rent / Month
$41,356
Median Income
$113,100
Median Home Value
$1,032
Owner Costs / Month

Affordability

How far your income goes in Melvindale

32.4%
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

$13,392
Annual Rent
$1,758
State Income Tax
$1,561
Property Tax (est.)

Cost of Living Overview

Melvindale is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Melvindale residents can expect to pay median rent of $1,116/month while earning a median household income of $41,356/year.

The median home value in Melvindale, MI is $113,100, with typical monthly owner costs around $1,032 including mortgage, insurance, and taxes. At 32.4% rent-to-income ratio, residents of Melvindale 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 Melvindale.

Frequently Asked Questions

Common questions about living costs in Melvindale

What is the cost of living in Melvindale, MI?
The cost of living index in Melvindale, MI is 62 (US average = 100). Median monthly rent is $1,116, median household income is $41,356/year, and the median home value is $113,100.
Is Melvindale, MI affordable?
Yes, Melvindale is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 32.4%—above the 30%% affordability threshold.
What is the average rent in Melvindale, MI?
The median gross rent in Melvindale, MI is $1,116 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,392.
What is the median household income in Melvindale?
The median household income in Melvindale, MI is $41,356 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%.