Saginaw, MI

Very Low · 45

Michigan · Population 43,879 · Updated March 2026

$909
Median Rent / Month
$37,298
Median Income
$54,000
Median Home Value
$769
Owner Costs / Month

Affordability

How far your income goes in Saginaw

29.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$10,908
Annual Rent
$1,585
State Income Tax
$745
Property Tax (est.)

Cost of Living Overview

Saginaw is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 45 (where 100 equals the national median), Saginaw residents can expect to pay median rent of $909/month while earning a median household income of $37,298/year.

The median home value in Saginaw, MI is $54,000, with typical monthly owner costs around $769 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.2%, Saginaw falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Saginaw.

Frequently Asked Questions

Common questions about living costs in Saginaw

What is the cost of living in Saginaw, MI?
The cost of living index in Saginaw, MI is 45 (US average = 100). Median monthly rent is $909, median household income is $37,298/year, and the median home value is $54,000.
Is Saginaw, MI affordable?
Yes, Saginaw is more affordable than the national average with a cost index of 45. The rent-to-income ratio is 29.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Saginaw, MI?
The median gross rent in Saginaw, MI is $909 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,908.
What is the median household income in Saginaw?
The median household income in Saginaw, MI is $37,298 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%.