Mount Pleasant, MI

Very Low · 59

Michigan · Population 21,420 · Updated March 2026

$870
Median Rent / Month
$39,924
Median Income
$168,700
Median Home Value
$898
Owner Costs / Month

Affordability

How far your income goes in Mount Pleasant

26.1%
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

$10,440
Annual Rent
$1,697
State Income Tax
$2,328
Property Tax (est.)

Cost of Living Overview

Mount Pleasant is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), Mount Pleasant residents can expect to pay median rent of $870/month while earning a median household income of $39,924/year.

The median home value in Mount Pleasant, MI is $168,700, with typical monthly owner costs around $898 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, Mount Pleasant falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Mount Pleasant.

Frequently Asked Questions

Common questions about living costs in Mount Pleasant

What is the cost of living in Mount Pleasant, MI?
The cost of living index in Mount Pleasant, MI is 59 (US average = 100). Median monthly rent is $870, median household income is $39,924/year, and the median home value is $168,700.
Is Mount Pleasant, MI affordable?
Yes, Mount Pleasant is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 26.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mount Pleasant, MI?
The median gross rent in Mount Pleasant, MI is $870 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,440.
What is the median household income in Mount Pleasant?
The median household income in Mount Pleasant, MI is $39,924 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%.