Cost of Living in Livonia, MI
Population: 94,058 • 2026 Data
$96,317
Median Household Income
+24% vs national
$1,284
Median Monthly Rent
-5% vs national
$265,300
Median Home Value
-22% vs national
4.6%
Unemployment Rate
Housing in Livonia
The median home value in Livonia, MI is $265,300. Monthly rent for a typical unit averages $1,284, while total monthly housing costs (including utilities and insurance) average $1,281.
Rent-to-income ratio: 16.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Livonia, MI is $96,317. The unemployment rate stands at 4.6%, with a labor force of 49,503 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.