Tompkins township, Michigan

Cost of living in Tompkins township, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganmoderate
  • Median household incomehigh

Is it expensive to live in Tompkins township, Michigan? When calculating the cost of living in Tompkins 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 Tompkins 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 moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Tompkins township is $70,182 which is high Analytics 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.

Taxes in Tompkins township, Michigan

The sales tax rate in Tompkins township, Michigan is 6.0%. Last year, the average property taxes paid was 1.5% Tompkins township, Michigan.

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

Housing costs in Tompkins township, Michigan

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

In Tompkins township, Michigan, 74% of the population owns their homes, while approximately 26% rent. The average cost of a single-family home in Tompkins township, Michigan in 2022 is $227,446 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 $739 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$739moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$875lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,146moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,271moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest