79
Housing index
$1,080
Median rent
$237,000
Median home value
Historical data
Coming soon
Long-run charts for this indicator are on the way.
Compared to the United States
| Indicator | Michigan | United States |
|---|---|---|
| Housing cost index | 79 | 100 |
National ranking
Michigan ranks #9 of 36 states by housing cost index.
| #1 | Vermont | 14 |
| #2 | Alaska | $18 |
| #3 | Wyoming | $28 |
| #4 | Oklahoma | 72 |
| #5 | Ohio | 76 |
| #6 | Kentucky | 76 |
| #7 | Louisiana | 77 |
| #8 | Missouri | 78 |
| #9 | Michigan | 79 |
| #10 | Indiana | 80 |
| #11 | Tennessee | 83 |
| #12 | Georgia | 83 |
| #13 | Texas | 84 |
| #14 | Illinois | 84 |
| #15 | Wisconsin | 86 |
| #16 | Pennsylvania | 87 |
| #17 | South Dakota | 88 |
| #18 | New Mexico | 90 |
| #19 | North Carolina | 90 |
| #20 | Minnesota | 96 |
| #21 | Virginia | 103 |
| #22 | Florida | 105 |
| #23 | Delaware | 106 |
| #24 | Montana | 110.5 |
| #25 | Utah | 112 |
| #26 | Arizona | 115 |
| #27 | Colorado | 116 |
| #28 | Maine | 118 |
| #29 | Rhode Island | 127 |
| #30 | New Jersey | 129 |
| #31 | New Hampshire | 130 |
| #32 | Oregon | 138 |
| #33 | Washington | 143 |
| #34 | New York | 155 |
| #35 | California | 196 |
| #36 | Massachusetts | 212 |
Overview
In Michigan, housing costs stands at 79 (housing cost index). The U.S. figure for Housing cost index is 100, versus 79 for Michigan. Other housing costs indicators for Michigan — Median rent: $1,080; Median home value: $237,000.
Did you know?
- Housing is Michigan's biggest cost advantage: about 21% cheaper than the national average.