Ypsilanti, MI

Very Low · 73

Michigan · Population 19,937 · Updated March 2026

$1,034
Median Rent / Month
$44,141
Median Income
$223,700
Median Home Value
$1,066
Owner Costs / Month

Affordability

How far your income goes in Ypsilanti

28.1%
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

$12,408
Annual Rent
$1,876
State Income Tax
$3,087
Property Tax (est.)

Cost of Living Overview

Ypsilanti 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), Ypsilanti residents can expect to pay median rent of $1,034/month while earning a median household income of $44,141/year.

The median home value in Ypsilanti, MI is $223,700, with typical monthly owner costs around $1,066 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.1%, Ypsilanti 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 Ypsilanti.

Frequently Asked Questions

Common questions about living costs in Ypsilanti

What is the cost of living in Ypsilanti, MI?
The cost of living index in Ypsilanti, MI is 73 (US average = 100). Median monthly rent is $1,034, median household income is $44,141/year, and the median home value is $223,700.
Is Ypsilanti, MI affordable?
Yes, Ypsilanti is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 28.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ypsilanti, MI?
The median gross rent in Ypsilanti, MI is $1,034 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,408.
What is the median household income in Ypsilanti?
The median household income in Ypsilanti, MI is $44,141 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%.