salaryRent is lower than in 55% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $62,280 a year. That is $30 an hour at a full-time job.
Is rent cheaper than other Michigan cities?
No. Rent here is more expensive than in most of Michigan. It is number 124 of 179 cities from cheapest to most expensive.
How much do households earn in Fenton?
Share of households by yearly income. 32.1% of households earn $100,000 or more.
Rent by apartment size in Fenton
| Size | Fenton | U.S. average |
|---|---|---|
| 1 bedroom | $1,120 | $1,324 |
| 2 bedrooms | $1,473 | $1,509 |
| 3 bedrooms | $1,612 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fenton overall?
Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fenton, so the Michigan figure is shown.
Taxes and bills in Fenton
Life in Fenton
Is it cheaper to rent or buy in Fenton?
Renting is cheaper right now: about $80 a month less.
Owning assumes a typical $235,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,590 for the down payment.
Frequently asked questions
What is the average rent in Fenton, MI?
Renting in Fenton costs a median of about $1,557 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Fenton?
To keep rent under 30% of income, you need about $62,280 a year, or $30 an hour at a full-time job.
Is Fenton cheap or expensive?
Fenton is rated OK: rent takes 21.7% of the typical household income of $86,280. It ranks 124th cheapest of 179 Michigan cities we track.
How much are property taxes in Fenton?
The median homeowner in Fenton pays $2,955 a year in property taxes, about 1.25% of the median home value.
Is Fenton 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 Fenton?
The median home value in Fenton is $235,900, about 2.7 times the typical yearly household income.
11,906 people live in Fenton. Numbers are typical (middle) values.