Cost of living in Silver Creek township, Michigan

Cost of living
compared to USA

the lowest

Cost of living
compared to Michigan

high

Median household
income

moderate

Is it expensive to live in Silver Creek township, Michigan? When calculating the cost of living in Silver Creek township, 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 Silver Creek township, 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 Silver Creek township is $56,662 which is moderate Analytics 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.

Taxes in Silver Creek township, Michigan

The sales tax rate in Silver Creek township, Michigan is 6.0%. Last year, the average property taxes paid was 1.2% Silver Creek township, Michigan.

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

Housing costs in Silver Creek township, Michigan

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

low

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

low

In Silver Creek township, Michigan, 88.0% of the population owns their homes, while approximately 12.0% rent. The average cost of a single-family home in Silver Creek township, Michigan in 2022 is $185,957 which is lowAnalytics 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. The average one-bedroom apartment cost is approximately $695 per month.

Rental Size	Monthly Cost	Compared to Michigan
1 Bedroom	$695	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$871	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,153	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,262	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest