Muskegon, MI

Very Low · 54

Michigan · Population 37,203 · Updated March 2026

$927
Median Rent / Month
$46,342
Median Income
$121,800
Median Home Value
$830
Owner Costs / Month

Affordability

How far your income goes in Muskegon

24.0%
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

$11,124
Annual Rent
$1,970
State Income Tax
$1,681
Property Tax (est.)

Cost of Living Overview

Muskegon is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 54 (where 100 equals the national median), Muskegon residents can expect to pay median rent of $927/month while earning a median household income of $46,342/year.

The median home value in Muskegon, MI is $121,800, with typical monthly owner costs around $830 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.0% 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 Muskegon.

Frequently Asked Questions

Common questions about living costs in Muskegon

What is the cost of living in Muskegon, MI?
The cost of living index in Muskegon, MI is 54 (US average = 100). Median monthly rent is $927, median household income is $46,342/year, and the median home value is $121,800.
Is Muskegon, MI affordable?
Yes, Muskegon is more affordable than the national average with a cost index of 54. The rent-to-income ratio is 24.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Muskegon, MI?
The median gross rent in Muskegon, MI is $927 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,124.
What is the median household income in Muskegon?
The median household income in Muskegon, MI is $46,342 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%.