Cost of Living in Saginaw, MI
Population: 43,879 • 2026 Data
$37,298
Median Household Income
-52% vs national
$909
Median Monthly Rent
-33% vs national
$54,000
Median Home Value
-84% vs national
11.5%
Unemployment Rate
Housing in Saginaw
The median home value in Saginaw, MI is $54,000. Monthly rent for a typical unit averages $909, while total monthly housing costs (including utilities and insurance) average $769.
Rent-to-income ratio: 29.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Saginaw, MI is $37,298. The unemployment rate stands at 11.5%, with a labor force of 18,286 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.