Cost of Living in Lathrup Village, MI
Population 4,049 · Michigan · Data vintage 2023
(100 = US avg)
Lathrup Village sits on the smaller end of the Michigan city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 7.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Lathrup Village sits roughly 10 miles northwest of Detroit. Median home values run roughly 253% higher than Detroit's $77,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lathrup Village
The median home value in Lathrup Village is $270,900 — 11% below the national median of $305,000. Median rent runs $1,497/month, 14% higher than the national median of $1,314/month. The median household income of $99,286/year is 33% higher than the US median of $74,580. The local unemployment rate is 7.9%, 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%. Overall, Lathrup Village has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.
Lathrup Village 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 Lathrup Village, MI?
Lathrup Village has a cost index of 99 (100 = national average). It is 1% below the national average.
What is average rent in Lathrup Village, MI?
The median gross rent in Lathrup Village is $1,497 per month based on 2023 Census data.
What is the average home price in Lathrup Village?
The median home value in Lathrup Village is $270,900 according to Zillow and Census data.
What is the median income in Lathrup Village?
The median household income in Lathrup Village is $99,286 per year (2023 ACS 5-year estimates).
What is the sales tax in Lathrup Village, MI?
The combined state and local sales tax rate in Lathrup Village is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Lathrup Village, MI affordable?
Lathrup Village is near the national average in terms of cost of living, with an index of 99 (100 = US average).
Lathrup Village at a Glance
- Population
- 4,049
- Median Income
- $99,286
- Home Value
- $270,900
- Median Rent
- $1,497/mo
- Unemployment
- 7.9%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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