Olivet, Michigan

Cost of living in Olivet, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganhigh
  • Median household incomethe lowest

Is it expensive to live in Olivet, Michigan? When calculating the cost of living in Olivet, 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 Olivet, 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 Olivet is $37,679 which is the lowest Analytics 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.

Taxes in Olivet, Michigan

The sales tax rate in Olivet, Michigan is 6.0%. Last year, the average property taxes paid was 1.7% Olivet, Michigan.

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

Housing costs in Olivet, Michigan

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

In Olivet, Michigan, 46% of the population owns their homes, while approximately 54% rent. The average cost of a single-family home in Olivet, Michigan in 2022 is $199,022 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 $670 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$670lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$820lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,060lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,140the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest