Richmond township (Macomb County), Michigan

Cost of living in Richmond township (Macomb County), Michigan

  • Cost of living compated to USAlow
  • Cost of living compared to Michiganthe highest
  • Median household incomethe highest

Is it expensive to live in Richmond township (Macomb County), Michigan? When calculating the cost of living in Richmond township (Macomb County), 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 Richmond township (Macomb County), Michigan is lowAnalytics 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 Richmond township (Macomb County) is $84,487 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 Richmond township (Macomb County), Michigan

The sales tax rate in Richmond township (Macomb County), Michigan is 6.0%. Last year, the average property taxes paid was 1.8% Richmond township (Macomb County), Michigan.

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

Housing costs in Richmond township (Macomb County), Michigan

  • The average cost of a single-family home compated to USAhigh
  • The average cost of a single-family home compated to Michiganthe highest

In Richmond township (Macomb County), Michigan, 92% of the population owns their homes, while approximately 8% rent. The average cost of a single-family home in Richmond township (Macomb County), Michigan in 2022 is $294,168 which 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. The average one-bedroom apartment cost is approximately $740 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$740moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$950highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,210moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,320moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest