Cost of Living in Taylor, MI
Population 62,405 · Michigan · Data vintage 2023
(100 = US avg)
The Taylor cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $141,000, rents near $1,036 a month. At 7.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Taylor sits roughly 7 miles southwest of Dearborn — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 31% lower than Dearborn's $206,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Taylor
The median home value in Taylor is $141,200 — 54% below the national median of $305,000. Median rent runs $1,036/month, 21% lower than the national median of $1,314/month. The median household income of $59,537/year is 20% lower than the US median of $74,580. The local unemployment rate is 7.0%, 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%. The climate averages highs of 59.1°F and lows of 42.0°F, with about 45" of annual snowfall. Overall, Taylor has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 35 | 46 | 59 | 70 | 80 | 84 | 81 | 74 | 62 | 49 | 37 |
| Low °F | 19 | 21 | 29 | 39 | 50 | 60 | 64 | 63 | 56 | 44 | 34 | 25 |
| Precip" | 2.23 | 2.08 | 2.43 | 3.26 | 3.72 | 3.26 | 3.51 | 3.26 | 3.22 | 2.53 | 2.57 | 2.25 |
| Snow" | 14.0 | 12.5 | 6.2 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.9 | 8.9 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Taylor, MI?
Taylor has a cost index of 59 (100 = national average). It is 41% below the national average.
What is average rent in Taylor, MI?
The median gross rent in Taylor is $1,036 per month based on 2023 Census data.
What is the average home price in Taylor?
The median home value in Taylor is $141,200 according to Zillow and Census data.
What is the median income in Taylor?
The median household income in Taylor is $59,537 per year (2023 ACS 5-year estimates).
What is the sales tax in Taylor, MI?
The combined state and local sales tax rate in Taylor is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Taylor, MI affordable?
Yes, Taylor is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.
What is the weather like in Taylor?
Taylor has average high temperatures of 59.1°F and average lows of 42.0°F. Annual precipitation is 34.3". Average annual snowfall is 45". Data from NOAA 1991–2020 Climate Normals.
Taylor at a Glance
- Population
- 62,405
- Median Income
- $59,537
- Home Value
- $141,200
- Median Rent
- $1,036/mo
- Unemployment
- 7.0%
- Avg High Temp
- 59.1°F
- Sales Tax
- 6.0%
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Michigan Rankings
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