Cost of Living in New Baltimore, MI

Population 12,060 · Michigan · Data vintage 2023

94
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

New Baltimore is a smaller Michigan community of around 12000 residents, where median household incomes of $97,027 and housing costs ($310,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 15 miles east of Sterling Heights, New Baltimore falls within that metro's commuting orbit. Median home values run roughly 19% higher than Sterling Heights' $261,000.

Cost Overview

Housing 102
Rent 82

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

About the Cost of Living in New Baltimore

The median home value in New Baltimore is $309,800 — 2% above the national median of $305,000. Median rent runs $1,081/month, 18% lower than the national median of $1,314/month. The median household income of $97,027/year is 30% higher than the US median of $74,580. The local unemployment rate is 4.6%, 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, New Baltimore has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$309,800
2% above avg
Zillow Home Value
$348,980
Zillow ZHVI
Median Rent
$1,081/mo
18% below avg
Price-to-Rent Ratio
23.9x
Favors renting
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 82.3%
Renter-occupied 17.7%

💰 Estimated Monthly Budget

Rent median rent
$1,081
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,695/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
33.7 min
25% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.9%

Commute Mode

Drove alone
85.3%
Carpooled
3.6%
Public transit
0.2%
Walked
0.8%
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
$97,027
30% above avg
Per Capita Income
$42,683
Unemployment Rate
4.6%
5% below avg
Poverty Rate
4.9%
Labor Force Participation
66.3%

🎓 Education

Bachelor's degree+ 17.6%
Graduate degree 9.6%

👥 Demographics

Median Age 42.9
Male median age 41.5
Female median age 45.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
50%
Good air days/yr
195
Max AQI recorded
244
PM2.5 days
120
Ozone days

Frequently Asked Questions

What is the cost of living in New Baltimore, MI?

New Baltimore has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in New Baltimore, MI?

The median gross rent in New Baltimore is $1,081 per month based on 2023 Census data.

What is the average home price in New Baltimore?

The median home value in New Baltimore is $309,800 according to Zillow and Census data.

What is the median income in New Baltimore?

The median household income in New Baltimore is $97,027 per year (2023 ACS 5-year estimates).

What is the sales tax in New Baltimore, MI?

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

Is New Baltimore, MI affordable?

New Baltimore is near the national average in terms of cost of living, with an index of 94 (100 = US average).

New Baltimore at a Glance

Population
12,060
Median Income
$97,027
Home Value
$309,800
Median Rent
$1,081/mo
Unemployment
4.6%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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