States › Michigan › Grand Ledge

Is Grand Ledge, MI expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,03641% lower than U.S. average
💵 Families earn per year (2026)$74,395about $6,200/month · 15% lower than U.S. average
🔑 House price$194,00042% 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 $41,440 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 44 of 179 cities from cheapest to most expensive.

Grand Ledge
$1,036
Hudsonville
$1,671
Whitmore Lake
$2,294
St. Johns
$885
Brighton
$1,414
Ludington
$1,056
Three Rivers
$910

How much do households earn in Grand Ledge?

Under $25k
9.1%
$25k–50k
30.2%
$50k–100k
30.2%
$100k–150k
20.5%
$150k+
8.0%

Share of households by yearly income. 28.5% of households earn $100,000 or more.

Rent by apartment size in Grand Ledge

SizeGrand LedgeU.S. average
1 bedroom$836$1,324
2 bedrooms$1,220$1,509
3 bedrooms$1,494$1,698

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

How expensive is Grand Ledge 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 Grand Ledge, so the Michigan figure is shown.

Taxes and bills in Grand Ledge

🏛️ Property tax$3,579a year · 1.84% of home value · U.S. $3,119
⚡ Electric bill$160a month (typical) · U.S. $156

Life in Grand Ledge

Commute to work20.3 minU.S.: 26.4 min
College degree37.4%U.S.: 35.7%
Own their home67.5%U.S.: 65.2%
Below poverty line6.2%U.S.: 12.5%
Unemployment4.6%U.S.: 5.2%

Is it cheaper to rent or buy in Grand Ledge?

Renting is cheaper right now: about $310 a month less.

Renting
$1,036
Owning
$1,346

Owning assumes a typical $194,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,400 for the down payment.

Frequently asked questions

What is the average rent in Grand Ledge, MI?

Renting in Grand Ledge costs a median of about $1,036 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Grand Ledge?

To keep rent under 30% of income, you need about $41,440 a year, or $20 an hour at a full-time job.

Is Grand Ledge cheap or expensive?

Grand Ledge is rated Cheap: rent takes 16.7% of the typical household income of $74,395. It ranks 44th cheapest of 179 Michigan cities we track.

How much are property taxes in Grand Ledge?

The median homeowner in Grand Ledge pays $3,579 a year in property taxes, about 1.84% of the median home value.

Is Grand Ledge 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 Grand Ledge?

The median home value in Grand Ledge is $194,000, about 2.6 times the typical yearly household income.

7,804 people live in Grand Ledge. Numbers are typical (middle) values.