Cost of Living in Wyoming, MI
Population: 76,865 • 2026 Data
$72,163
Median Household Income
-7% vs national
$1,141
Median Monthly Rent
-15% vs national
$203,900
Median Home Value
-40% vs national
4.1%
Unemployment Rate
Housing in Wyoming
The median home value in Wyoming, MI is $203,900. Monthly rent for a typical unit averages $1,141, while total monthly housing costs (including utilities and insurance) average $1,111.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Wyoming, MI is $72,163. The unemployment rate stands at 4.1%, with a labor force of 43,622 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.