States › Michigan › Eastwood

Is Eastwood, MI expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,25528% lower than U.S. average
💵 Families earn per year (2026)$58,214about $4,851/month · 33% lower than U.S. average
🔑 House price$160,60052% lower than U.S. average

Rent is lower than in 72% of 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 $50,200 a year. That is $24 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 81 of 179 cities from cheapest to most expensive.

Eastwood
$1,255
Marshall
$960
Milford
$1,297
New Haven
$1,402
Bridgeport
$795
Lake Fenton
$1,711
South Monroe
$1,295

How much do households earn in Eastwood?

Under $25k
21.2%
$25k–50k
28.6%
$50k–100k
32.1%
$100k–150k
13.7%
$150k+
1.2%

Share of households by yearly income. 14.8% of households earn $100,000 or more.

Rent by apartment size in Eastwood

SizeEastwoodU.S. average
1 bedroom$993$1,324
2 bedrooms$1,256$1,509
3 bedrooms$1,288$1,698

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

How expensive is Eastwood 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 Eastwood, so the Michigan figure is shown.

Taxes and bills in Eastwood

🏛️ Property tax$2,250a year · 1.40% of home value · U.S. $3,119
⚡ Electric bill$161a month (typical) · U.S. $156

Life in Eastwood

Commute to work21.6 minU.S.: 26.4 min
College degree20.6%U.S.: 35.7%
Own their home60.2%U.S.: 65.2%
Below poverty line10.3%U.S.: 12.5%
Unemployment5.5%U.S.: 5.2%

Is it cheaper to rent or buy in Eastwood?

Buying is cheaper month to month: about $141 a month less than renting.

Renting
$1,255
Owning
$1,114

Owning assumes a typical $160,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,060 for the down payment.

Frequently asked questions

What is the average rent in Eastwood, MI?

Renting in Eastwood costs a median of about $1,255 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $50,200 a year, or $24 an hour at a full-time job.

Is Eastwood cheap or expensive?

Eastwood is rated OK: rent takes 25.9% of the typical household income of $58,214. It ranks 81st cheapest of 179 Michigan cities we track.

How much are property taxes in Eastwood?

The median homeowner in Eastwood pays $2,250 a year in property taxes, about 1.40% of the median home value.

Is Eastwood 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 Eastwood?

The median home value in Eastwood is $160,600, about 2.8 times the typical yearly household income.

6,669 people live in Eastwood. Numbers are typical (middle) values.