Trenton, MI

Very Low · 65

Michigan · Population 18,242 · Updated March 2026

$873
Median Rent / Month
$78,565
Median Income
$202,400
Median Home Value
$1,002
Owner Costs / Month

Affordability

How far your income goes in Trenton

13.3%
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

$10,476
Annual Rent
$3,339
State Income Tax
$2,793
Property Tax (est.)

Cost of Living Overview

Trenton 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), Trenton residents can expect to pay median rent of $873/month while earning a median household income of $78,565/year.

The median home value in Trenton, MI is $202,400, with typical monthly owner costs around $1,002 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.3% 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 Trenton.

Frequently Asked Questions

Common questions about living costs in Trenton

What is the cost of living in Trenton, MI?
The cost of living index in Trenton, MI is 65 (US average = 100). Median monthly rent is $873, median household income is $78,565/year, and the median home value is $202,400.
Is Trenton, MI affordable?
Yes, Trenton is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 13.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Trenton, MI?
The median gross rent in Trenton, MI is $873 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,476.
What is the median household income in Trenton?
The median household income in Trenton, MI is $78,565 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%.