Cost of Living in Lake Fenton, MI
Population 6,168 · Michigan · Data vintage 2023
(100 = US avg)
Lake Fenton is a smaller Michigan community of around 6000 residents, where median household incomes of $112,676 and housing costs ($373,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Lake Fenton is about 40 miles west of Sterling Heights, the nearest large metro. Median home values run roughly 43% higher than Sterling Heights' $261,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Fenton
The median home value in Lake Fenton is $372,800 — 22% above the national median of $305,000. Median rent runs $1,343/month, 2% higher than the national median of $1,314/month. The median household income of $112,676/year is 51% higher than the US median of $74,580. The local unemployment rate is 4.0%, 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, Lake Fenton has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.
Lake Fenton has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Fenton, MI?
Lake Fenton has a cost index of 114 (100 = national average). It is 14% above the national average.
What is average rent in Lake Fenton, MI?
The median gross rent in Lake Fenton is $1,343 per month based on 2023 Census data.
What is the average home price in Lake Fenton?
The median home value in Lake Fenton is $372,800 according to 2023 Census ACS data.
What is the median income in Lake Fenton?
The median household income in Lake Fenton is $112,676 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Fenton, MI?
The combined state and local sales tax rate in Lake Fenton is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Lake Fenton, MI affordable?
Lake Fenton is above average in cost of living, with an index of 114 — about 14% higher than the national average.
Lake Fenton at a Glance
- Population
- 6,168
- Median Income
- $112,676
- Home Value
- $372,800
- Median Rent
- $1,343/mo
- Unemployment
- 4.0%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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