Cost of Living in Muskegon, MI
Population: 37,203 • 2026 Data
$46,342
Median Household Income
-40% vs national
$927
Median Monthly Rent
-31% vs national
$121,800
Median Home Value
-64% vs national
9.3%
Unemployment Rate
Housing in Muskegon
The median home value in Muskegon, MI is $121,800. Monthly rent for a typical unit averages $927, while total monthly housing costs (including utilities and insurance) average $830.
Rent-to-income ratio: 24.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Muskegon, MI is $46,342. The unemployment rate stands at 9.3%, with a labor force of 15,730 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.