Cost of Living in Portage, MI
Population: 49,015 • 2026 Data
$79,529
Median Household Income
+3% vs national
$1,120
Median Monthly Rent
-17% vs national
$243,400
Median Home Value
-28% vs national
5.0%
Unemployment Rate
Housing in Portage
The median home value in Portage, MI is $243,400. Monthly rent for a typical unit averages $1,120, while total monthly housing costs (including utilities and insurance) average $1,213.
Rent-to-income ratio: 16.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Portage, MI is $79,529. The unemployment rate stands at 5.0%, with a labor force of 27,304 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.