Cost of living in Davison, Michigan

Cost of living
compared to USA

the lowest

Cost of living
compared to Michigan

the lowest

Median household
income

low

Is it expensive to live in Davison, Michigan? When calculating the cost of living in Davison, 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 Davison, 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 the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Davison is $47,277 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Davison, Michigan

The sales tax rate in Davison, Michigan is 6.0%. Last year, the average property taxes paid was 1.9% Davison, Michigan.

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

Housing costs in Davison, Michigan

The average cost of
a single-family home
compated to USA

moderate

The average cost of
a single-family home
compated to Michigan

high

In Davison, Michigan, 50.0% of the population owns their homes, while approximately 50.0% rent. The average cost of a single-family home in Davison, Michigan in 2022 is $217,585 which is moderateAnalytics 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. The average one-bedroom apartment cost is approximately $790 per month.

Rental Size	Monthly Cost	Compared to Michigan
1 Bedroom	$790	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,000	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,250	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,350	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest