Climax, Michigan

Cost of living in Climax, Michigan

  • Cost of living compared to USAthe lowest
  • Cost of living compared to Michiganhigh
  • Median household incomehigh

Is it expensive to live in Climax, Michigan? When calculating the cost of living in Climax, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Climax, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Climax is $64,722 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Climax, Michigan

The sales tax rate in Climax, Michigan is 6.0%. Last year, the average property taxes paid was 1.8% Climax, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Climax, Michigan

  • The average cost of a single-family home compared to USAmoderate
  • The average cost of a single-family home compared to Michiganmoderate

In Climax, Michigan, 81.0% of the population owns their homes, while approximately 19.0% rent. The average cost of a single-family home in Climax, Michigan in 2022 is $213,667 which is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $710 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$710the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$870the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,140the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,250the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest