Cost of Living in Madison Heights, MI
Population: 28,411 • 2026 Data
$66,726
Median Household Income
-14% vs national
$1,138
Median Monthly Rent
-16% vs national
$190,300
Median Home Value
-44% vs national
2.8%
Unemployment Rate
Housing in Madison Heights
The median home value in Madison Heights, MI is $190,300. Monthly rent for a typical unit averages $1,138, while total monthly housing costs (including utilities and insurance) average $1,063.
Rent-to-income ratio: 20.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Madison Heights, MI is $66,726. The unemployment rate stands at 2.8%, with a labor force of 16,441 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.