Woodhaven, MI

Very Low · 73

Michigan · Population 12,761 · Updated March 2026

$1,015
Median Rent / Month
$83,291
Median Income
$221,200
Median Home Value
$1,100
Owner Costs / Month

Affordability

How far your income goes in Woodhaven

14.6%
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

$12,180
Annual Rent
$3,540
State Income Tax
$3,053
Property Tax (est.)

Cost of Living Overview

Woodhaven is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Woodhaven residents can expect to pay median rent of $1,015/month while earning a median household income of $83,291/year.

The median home value in Woodhaven, MI is $221,200, with typical monthly owner costs around $1,100 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.6% 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 Woodhaven.

Frequently Asked Questions

Common questions about living costs in Woodhaven

What is the cost of living in Woodhaven, MI?
The cost of living index in Woodhaven, MI is 73 (US average = 100). Median monthly rent is $1,015, median household income is $83,291/year, and the median home value is $221,200.
Is Woodhaven, MI affordable?
Yes, Woodhaven is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 14.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woodhaven, MI?
The median gross rent in Woodhaven, MI is $1,015 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,180.
What is the median household income in Woodhaven?
The median household income in Woodhaven, MI is $83,291 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%.