Norton Shores, MI

Below Avg · 79

Michigan · Population 25,000 · Updated March 2026

$1,286
Median Rent / Month
$73,390
Median Income
$214,000
Median Home Value
$1,089
Owner Costs / Month

Affordability

How far your income goes in Norton Shores

21.0%
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

$15,432
Annual Rent
$3,119
State Income Tax
$2,953
Property Tax (est.)

Cost of Living Overview

Norton Shores is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Norton Shores residents can expect to pay median rent of $1,286/month while earning a median household income of $73,390/year.

The median home value in Norton Shores, MI is $214,000, with typical monthly owner costs around $1,089 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 Norton Shores.

Frequently Asked Questions

Common questions about living costs in Norton Shores

What is the cost of living in Norton Shores, MI?
The cost of living index in Norton Shores, MI is 79 (US average = 100). Median monthly rent is $1,286, median household income is $73,390/year, and the median home value is $214,000.
Is Norton Shores, MI affordable?
Yes, Norton Shores is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Norton Shores, MI?
The median gross rent in Norton Shores, MI is $1,286 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,432.
What is the median household income in Norton Shores?
The median household income in Norton Shores, MI is $73,390 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%.