States › Michigan › Eaton Rapids

Is Eaton Rapids, MI expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,03441% lower than U.S. average
💵 Families earn per year (2026)$68,889about $5,741/month · 21% lower than U.S. average
🔑 House price$155,80053% lower than U.S. average

Rent is lower than in 86% 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 $41,360 a year. That is $20 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 43 of 179 cities from cheapest to most expensive.

Eaton Rapids
$1,034
Utica
$1,251
Allegan
$1,233
Frankenmuth
$2,634
Kingsford
$1,014
Gladstone
$553
Springfield
$981

How much do households earn in Eaton Rapids?

Under $25k
14.2%
$25k–50k
24.8%
$50k–100k
38.8%
$100k–150k
15.8%
$150k+
2.0%

Share of households by yearly income. 17.9% of households earn $100,000 or more.

Rent by apartment size in Eaton Rapids

SizeEaton RapidsU.S. average
1 bedroom$1,002$1,324
2 bedrooms$1,088$1,509
3 bedrooms$1,598$1,698

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

How expensive is Eaton Rapids 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 Eaton Rapids, so the Michigan figure is shown.

Taxes and bills in Eaton Rapids

🏛️ Property tax$2,199a year · 1.41% of home value · U.S. $3,119
⚡ Electric bill$139a month (typical) · U.S. $156

Life in Eaton Rapids

Commute to work28 minU.S.: 26.4 min
College degree15.1%U.S.: 35.7%
Own their home69.8%U.S.: 65.2%
Below poverty line13.5%U.S.: 12.5%
Unemployment1.6%U.S.: 5.2%

Is it cheaper to rent or buy in Eaton Rapids?

About the same. Renting and owning cost within $47 of each other each month.

Renting
$1,034
Owning
$1,081

Owning assumes a typical $155,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,580 for the down payment.

Frequently asked questions

What is the average rent in Eaton Rapids, MI?

Renting in Eaton Rapids costs a median of about $1,034 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Eaton Rapids?

To keep rent under 30% of income, you need about $41,360 a year, or $20 an hour at a full-time job.

Is Eaton Rapids cheap or expensive?

Eaton Rapids is rated Cheap: rent takes 18.0% of the typical household income of $68,889. It ranks 43rd cheapest of 179 Michigan cities we track.

How much are property taxes in Eaton Rapids?

The median homeowner in Eaton Rapids pays $2,199 a year in property taxes, about 1.41% of the median home value.

Is Eaton Rapids 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 Eaton Rapids?

The median home value in Eaton Rapids is $155,800, about 2.3 times the typical yearly household income.

5,183 people live in Eaton Rapids. Numbers are typical (middle) values.