States › Michigan › Fraser

Is Fraser, MI expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,07839% lower than U.S. average
💵 Families earn per year (2026)$69,406about $5,784/month · 20% lower than U.S. average
🔑 House price$215,90035% lower than U.S. average

Rent is lower than in 83% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $43,120 a year. That is $21 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 51 of 179 cities from cheapest to most expensive.

Fraser
$1,078
Owosso
$696
Hazel Park
$1,526
Harper Woods
$1,942
Berkley
$1,905
Northview
$1,612
Mount Clemens
$1,132

How much do households earn in Fraser?

Under $25k
17.1%
$25k–50k
27.0%
$50k–100k
30.8%
$100k–150k
14.1%
$150k+
8.8%

Share of households by yearly income. 22.9% of households earn $100,000 or more.

Rent by apartment size in Fraser

SizeFraserU.S. average
1 bedroom$890$1,324
2 bedrooms$899$1,509
3 bedrooms$1,619$1,698

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

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

Taxes and bills in Fraser

🏛️ Property tax$3,756a year · 1.74% of home value · U.S. $3,119
⚡ Electric bill$113a month (typical) · U.S. $156

Life in Fraser

Commute to work23.5 minU.S.: 26.4 min
College degree22.7%U.S.: 35.7%
Own their home73.3%U.S.: 65.2%
Below poverty line10.4%U.S.: 12.5%
Unemployment4.3%U.S.: 5.2%

Is it cheaper to rent or buy in Fraser?

Renting is cheaper right now: about $420 a month less.

Renting
$1,078
Owning
$1,498

Owning assumes a typical $215,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,590 for the down payment.

Frequently asked questions

What is the average rent in Fraser, MI?

Renting in Fraser costs a median of about $1,078 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $43,120 a year, or $21 an hour at a full-time job.

Is Fraser cheap or expensive?

Fraser is rated Cheap: rent takes 18.6% of the typical household income of $69,406. It ranks 51st cheapest of 179 Michigan cities we track.

How much are property taxes in Fraser?

The median homeowner in Fraser pays $3,756 a year in property taxes, about 1.74% of the median home value.

Is Fraser 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 Fraser?

The median home value in Fraser is $215,900, about 3.1 times the typical yearly household income.

14,583 people live in Fraser. Numbers are typical (middle) values.