Romulus, MI

Very Low · 65

Michigan · Population 24,951 · Updated March 2026

$1,050
Median Rent / Month
$72,235
Median Income
$149,100
Median Home Value
$1,040
Owner Costs / Month

Affordability

How far your income goes in Romulus

17.4%
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

$12,600
Annual Rent
$3,070
State Income Tax
$2,058
Property Tax (est.)

Cost of Living Overview

Romulus is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Romulus residents can expect to pay median rent of $1,050/month while earning a median household income of $72,235/year.

The median home value in Romulus, MI is $149,100, with typical monthly owner costs around $1,040 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% 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 Romulus.

Frequently Asked Questions

Common questions about living costs in Romulus

What is the cost of living in Romulus, MI?
The cost of living index in Romulus, MI is 65 (US average = 100). Median monthly rent is $1,050, median household income is $72,235/year, and the median home value is $149,100.
Is Romulus, MI affordable?
Yes, Romulus is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Romulus, MI?
The median gross rent in Romulus, MI is $1,050 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,600.
What is the median household income in Romulus?
The median household income in Romulus, MI is $72,235 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%.