New Baltimore, MI

Average · 91

Michigan · Population 12,060 · Updated March 2026

$1,081
Median Rent / Month
$97,027
Median Income
$309,800
Median Home Value
$1,513
Owner Costs / Month

Affordability

How far your income goes in New Baltimore

13.4%
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

$12,972
Annual Rent
$4,124
State Income Tax
$4,275
Property Tax (est.)

Cost of Living Overview

New Baltimore offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), New Baltimore residents can expect to pay median rent of $1,081/month while earning a median household income of $97,027/year.

The median home value in New Baltimore, MI is $309,800, with typical monthly owner costs around $1,513 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.4% 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 New Baltimore.

Frequently Asked Questions

Common questions about living costs in New Baltimore

What is the cost of living in New Baltimore, MI?
The cost of living index in New Baltimore, MI is 91 (US average = 100). Median monthly rent is $1,081, median household income is $97,027/year, and the median home value is $309,800.
Is New Baltimore, MI affordable?
Yes, New Baltimore is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 13.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Baltimore, MI?
The median gross rent in New Baltimore, MI is $1,081 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,972.
What is the median household income in New Baltimore?
The median household income in New Baltimore, MI is $97,027 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%.