Cost of Living in Imlay City, MI

Population 3,706 · Michigan · Data vintage 2023

50
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Imlay City is a smaller Michigan community of around 4000 residents, where median household incomes of $55,061 and housing costs ($138,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Around 26% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Imlay City is about 30 miles north of Sterling Heights, the nearest large metro. Median home values run roughly 47% lower than Sterling Heights' $261,000.

Cost Overview

Housing 45
Rent 58

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

About the Cost of Living in Imlay City

The median home value in Imlay City is $137,800 — 55% below the national median of $305,000. Median rent runs $764/month, 42% lower than the national median of $1,314/month. The median household income of $55,061/year is 26% lower than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Imlay City has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.

🏠 Housing

Median Home Value
$137,800
55% below avg
Zillow Home Value
$269,216
Zillow ZHVI
Median Rent
$764/mo
42% below avg
Price-to-Rent Ratio
15.0x
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 53.8%
Renter-occupied 46.2%

💰 Estimated Monthly Budget

Rent median rent
$764
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,378/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
32.9 min
22% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.1%

Commute Mode

Drove alone
78.8%
Carpooled
18.2%
Public transit
1.9%
Work from home
1.1%

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
$55,061
26% below avg
Per Capita Income
$26,332
Unemployment Rate
3.0%
38% below avg
Poverty Rate
25.5%
Labor Force Participation
64.7%

🎓 Education

Bachelor's degree+ 4.1%
Graduate degree 7.5%

👥 Demographics

Median Age 35.3
Male median age 37.8
Female median age 32.9

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
19.4:1
Student-teacher ratio
5
Public schools
1,978
Total enrollment

Frequently Asked Questions

What is the cost of living in Imlay City, MI?

Imlay City has a cost index of 50 (100 = national average). It is 50% below the national average.

What is average rent in Imlay City, MI?

The median gross rent in Imlay City is $764 per month based on 2023 Census data.

What is the average home price in Imlay City?

The median home value in Imlay City is $137,800 according to Zillow and Census data.

What is the median income in Imlay City?

The median household income in Imlay City is $55,061 per year (2023 ACS 5-year estimates).

What is the sales tax in Imlay City, MI?

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

Is Imlay City, MI affordable?

Yes, Imlay City is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.

Imlay City at a Glance

Population
3,706
Median Income
$55,061
Home Value
$137,800
Median Rent
$764/mo
Unemployment
3.0%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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