States › Michigan › Belding

Is Belding, MI expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$73958% lower than U.S. average
💵 Families earn per year (2026)$65,112about $5,426/month · 25% lower than U.S. average
🔑 House price$163,80051% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $29,560 a year. That is $14 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

Yes. Rent here is cheaper than in most of Michigan. It is number 3 of 179 cities from cheapest to most expensive.

Belding
$739
Holly
$1,097
Milan
$1,285
Petoskey
$1,113
Richmond
$955
Swartz Creek
$1,379
Northville
$2,054

How much do households earn in Belding?

Under $25k
16.6%
$25k–50k
23.7%
$50k–100k
36.3%
$100k–150k
11.5%
$150k+
3.9%

Share of households by yearly income. 15.3% of households earn $100,000 or more.

Rent by apartment size in Belding

SizeBeldingU.S. average
1 bedroom$666$1,324
2 bedrooms$959$1,509
3 bedrooms$1,202$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Belding overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Belding, so the Michigan figure is shown.

Taxes and bills in Belding

🏛️ Property tax$1,990a year · 1.21% of home value · U.S. $3,119
⚡ Electric bill$120a month (typical) · U.S. $156

Life in Belding

Commute to work27.8 minU.S.: 26.4 min
College degree16.8%U.S.: 35.7%
Own their home71.8%U.S.: 65.2%
Below poverty line15.5%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

Is it cheaper to rent or buy in Belding?

Renting is cheaper right now: about $398 a month less.

Renting
$739
Owning
$1,137

Owning assumes a typical $163,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,380 for the down payment.

Frequently asked questions

What is the average rent in Belding, MI?

Renting in Belding costs a median of about $739 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Belding?

To keep rent under 30% of income, you need about $29,560 a year, or $14 an hour at a full-time job.

Is Belding cheap or expensive?

Belding is rated Cheap: rent takes 13.6% of the typical household income of $65,112. It ranks 3rd cheapest of 179 Michigan cities we track.

How much are property taxes in Belding?

The median homeowner in Belding pays $1,990 a year in property taxes, about 1.21% of the median home value.

Is Belding more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Belding?

The median home value in Belding is $163,800, about 2.5 times the typical yearly household income.

5,960 people live in Belding. Numbers are typical (middle) values.