Cost of Living in Taylor, MI
Population: 62,405 • 2026 Data
$59,537
Median Household Income
-23% vs national
$1,036
Median Monthly Rent
-23% vs national
$141,200
Median Home Value
-58% vs national
7.0%
Unemployment Rate
Housing in Taylor
The median home value in Taylor, MI is $141,200. Monthly rent for a typical unit averages $1,036, while total monthly housing costs (including utilities and insurance) average $941.
Rent-to-income ratio: 20.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Taylor, MI is $59,537. The unemployment rate stands at 7.0%, with a labor force of 30,098 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.