Midland, MI

Very Low · 67

Michigan · Population 42,461 · Updated March 2026

$990
Median Rent / Month
$74,906
Median Income
$192,400
Median Home Value
$1,008
Owner Costs / Month

Affordability

How far your income goes in Midland

15.9%
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

$11,880
Annual Rent
$3,184
State Income Tax
$2,655
Property Tax (est.)

Cost of Living Overview

Midland is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), Midland residents can expect to pay median rent of $990/month while earning a median household income of $74,906/year.

The median home value in Midland, MI is $192,400, with typical monthly owner costs around $1,008 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.9% 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 Midland.

Frequently Asked Questions

Common questions about living costs in Midland

What is the cost of living in Midland, MI?
The cost of living index in Midland, MI is 67 (US average = 100). Median monthly rent is $990, median household income is $74,906/year, and the median home value is $192,400.
Is Midland, MI affordable?
Yes, Midland is more affordable than the national average with a cost index of 67. The rent-to-income ratio is 15.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Midland, MI?
The median gross rent in Midland, MI is $990 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,880.
What is the median household income in Midland?
The median household income in Midland, MI is $74,906 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%.