Okemos, MI

Average · 97

Michigan · Population 25,503 · Updated March 2026

$1,250
Median Rent / Month
$97,603
Median Income
$336,800
Median Home Value
$1,400
Owner Costs / Month

Affordability

How far your income goes in Okemos

15.4%
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

$15,000
Annual Rent
$4,148
State Income Tax
$4,648
Property Tax (est.)

Cost of Living Overview

Okemos has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Okemos residents can expect to pay median rent of $1,250/month while earning a median household income of $97,603/year.

The median home value in Okemos, MI is $336,800, with typical monthly owner costs around $1,400 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.4% 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 Okemos.

Frequently Asked Questions

Common questions about living costs in Okemos

What is the cost of living in Okemos, MI?
The cost of living index in Okemos, MI is 97 (US average = 100). Median monthly rent is $1,250, median household income is $97,603/year, and the median home value is $336,800.
Is Okemos, MI affordable?
Yes, Okemos is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 15.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Okemos, MI?
The median gross rent in Okemos, MI is $1,250 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,000.
What is the median household income in Okemos?
The median household income in Okemos, MI is $97,603 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%.