Lathrup Village, Michigan

Cost of living in Lathrup Village, Michigan

Cost of living compared to USAhigh
Cost of living compared to Michiganthe highest
Median household incomethe highest

Is it expensive to live in Lathrup Village, Michigan? When calculating the cost of living in Lathrup Village, 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 Lathrup Village, Michigan is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Lathrup Village is $97,083 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Lathrup Village, Michigan

The sales tax rate in Lathrup Village, Michigan is 6.0%. Last year, the average property taxes paid was 1.6% Lathrup Village, Michigan.

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

Housing costs in Lathrup Village, Michigan

The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Michiganhigh

In Lathrup Village, Michigan, 93.0% of the population owns their homes, while approximately 7.0% rent. The average cost of a single-family home in Lathrup Village, Michigan in 2022 is $258,263 which is highAnalytics 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 $1,160 per month.

Rental Size	Monthly Cost	Compared to Michigan
1 Bedroom	$1,160	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,480	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,840	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,990	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest