Cost of Living in Gibraltar, MI

Population 4,937 · Michigan · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Gibraltar can reasonably expect a home to cost less than three years of household income — $212,000 against $88,682 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Gibraltar sits roughly 14 miles south of Dearborn — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Dearborn's $206,000 median.

Cost Overview

Housing 70
Rent 102

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Gibraltar

The median home value in Gibraltar is $212,300 — 30% below the national median of $305,000. Median rent runs $1,346/month, 2% higher than the national median of $1,314/month. The median household income of $88,682/year is 19% higher than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 59.1°F and lows of 42.0°F, with about 45" of annual snowfall. Overall, Gibraltar has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$212,300
30% below avg
Zillow Home Value
$146,818
Zillow ZHVI
Median Rent
$1,346/mo
2% above avg
Price-to-Rent Ratio
13.1x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 79.7%
Renter-occupied 20.3%

💰 Estimated Monthly Budget

Rent median rent
$1,346
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,960/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.2 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.9%

Commute Mode

Drove alone
84.9%
Carpooled
4.5%
Walked
0.7%
Work from home
9.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$88,682
19% above avg
Per Capita Income
$44,289
Unemployment Rate
5.1%
5% above avg
Poverty Rate
2.5%
Labor Force Participation
59.0%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 7.8%

👥 Demographics

Median Age 48.4
Male median age 49.1
Female median age 46.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.1°F
Avg Low
42.0°F
Annual Precip
34.3"
Annual Snowfall
45"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323546597080848174624937
Low °F 192129395060646356443425
Precip" 2.232.082.433.263.723.263.513.263.222.532.572.25
Snow" 14.012.56.21.50.00.00.00.00.00.01.98.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 61 — Moderate
19.2%
Good air days/yr
226
Max AQI recorded
329
PM2.5 days
33
Ozone days

Frequently Asked Questions

What is the cost of living in Gibraltar, MI?

Gibraltar has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Gibraltar, MI?

The median gross rent in Gibraltar is $1,346 per month based on 2023 Census data.

What is the average home price in Gibraltar?

The median home value in Gibraltar is $212,300 according to Zillow and Census data.

What is the median income in Gibraltar?

The median household income in Gibraltar is $88,682 per year (2023 ACS 5-year estimates).

What is the sales tax in Gibraltar, MI?

The combined state and local sales tax rate in Gibraltar is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Gibraltar, MI affordable?

Yes, Gibraltar is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

What is the weather like in Gibraltar?

Gibraltar has average high temperatures of 59.1°F and average lows of 42.0°F. Annual precipitation is 34.3". Average annual snowfall is 45". Data from NOAA 1991–2020 Climate Normals.

Gibraltar at a Glance

Population
4,937
Median Income
$88,682
Home Value
$212,300
Median Rent
$1,346/mo
Unemployment
5.1%
Avg High Temp
59.1°F
Sales Tax
6.0%
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