Cost of Living in Okemos, MI

Population 25,503 · Michigan · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Okemos's cost indicators track within a reasonable band of national figures, with median household incomes near $97,603 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Geographically, Okemos sits roughly 7 miles east of Lansing. Median home values run roughly 182% higher than Lansing's $119,000.

Cost Overview

Housing 110
Rent 95

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

About the Cost of Living in Okemos

The median home value in Okemos is $336,800 — 10% above the national median of $305,000. Median rent runs $1,250/month, 5% lower than the national median of $1,314/month. The median household income of $97,603/year is 31% higher than the US median of $74,580. The local unemployment rate is 3.3%, 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, Okemos has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$336,800
10% above avg
Zillow Home Value
$366,160
Zillow ZHVI
Median Rent
$1,250/mo
5% below avg
Zillow Rent
$1,816/mo
Zillow ZORI
Price-to-Rent Ratio
22.5x
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 60.1%
Renter-occupied 39.9%

💰 Estimated Monthly Budget

Rent median rent
$1,250
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,864/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
20.9 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.5%

Commute Mode

Drove alone
66.4%
Carpooled
6.4%
Public transit
2.5%
Walked
2.1%
Bicycle
0.5%
Work from home
19.5%

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
$97,603
31% above avg
Per Capita Income
$56,357
Unemployment Rate
3.3%
32% below avg
Poverty Rate
12.9%
Labor Force Participation
65.0%

🎓 Education

Bachelor's degree+ 31.5%
Graduate degree 42.8%

👥 Demographics

Median Age 35.4
Male median age 35.8
Female median age 35

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
63.1%
Good air days/yr
194
Max AQI recorded
183
PM2.5 days
178
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

96%
4-Year Graduation Rate
16.9:1
Student-teacher ratio
7
Public schools
4,610
Total enrollment

Frequently Asked Questions

What is the cost of living in Okemos, MI?

Okemos has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Okemos, MI?

The median gross rent in Okemos is $1,250 per month based on 2023 Census data.

What is the average home price in Okemos?

The median home value in Okemos is $336,800 according to Zillow and Census data.

What is the median income in Okemos?

The median household income in Okemos is $97,603 per year (2023 ACS 5-year estimates).

What is the sales tax in Okemos, MI?

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

Is Okemos, MI affordable?

Okemos is near the national average in terms of cost of living, with an index of 104 (100 = US average).

Okemos at a Glance

Population
25,503
Median Income
$97,603
Home Value
$336,800
Median Rent
$1,250/mo
Unemployment
3.3%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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