Cost of Living in Midland, MI
Population: 42,461 • 2026 Data
$74,906
Median Household Income
-3% vs national
$990
Median Monthly Rent
-27% vs national
$192,400
Median Home Value
-43% vs national
4.5%
Unemployment Rate
Housing in Midland
The median home value in Midland, MI is $192,400. Monthly rent for a typical unit averages $990, while total monthly housing costs (including utilities and insurance) average $1,008.
Rent-to-income ratio: 15.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Midland, MI is $74,906. The unemployment rate stands at 4.5%, with a labor force of 20,348 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.