States › Michigan › Hastings

Is Hastings, MI expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$82453% lower than U.S. average
💵 Families earn per year (2026)$62,861about $5,238/month · 28% lower than U.S. average
🔑 House price$174,50048% lower than U.S. average

Rent here is among the lowest 10% of all 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 $32,960 a year. That is $16 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 10 of 179 cities from cheapest to most expensive.

Hastings
$824
Iron Mountain
$842
Freeland
$1,377
Albion
$968
Byron Center
$1,678
Shields
$1,041
Ludington
$1,056

How much do households earn in Hastings?

Under $25k
19.8%
$25k–50k
26.4%
$50k–100k
37.4%
$100k–150k
8.0%
$150k+
3.9%

Share of households by yearly income. 11.9% of households earn $100,000 or more.

Rent by apartment size in Hastings

SizeHastingsU.S. average
1 bedroom$635$1,324
2 bedrooms$1,087$1,509
3 bedrooms$1,043$1,698

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

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

Taxes and bills in Hastings

🏛️ Property tax$2,504a year · 1.43% of home value · U.S. $3,119
⚡ Electric bill$147a month (typical) · U.S. $156

Life in Hastings

Commute to work22.6 minU.S.: 26.4 min
College degree25.3%U.S.: 35.7%
Own their home73.8%U.S.: 65.2%
Below poverty line12.5%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

Is it cheaper to rent or buy in Hastings?

Renting is cheaper right now: about $387 a month less.

Renting
$824
Owning
$1,211

Owning assumes a typical $174,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,450 for the down payment.

Frequently asked questions

What is the average rent in Hastings, MI?

Renting in Hastings costs a median of about $824 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $32,960 a year, or $16 an hour at a full-time job.

Is Hastings cheap or expensive?

Hastings is rated Cheap: rent takes 15.7% of the typical household income of $62,861. It ranks 10th cheapest of 179 Michigan cities we track.

How much are property taxes in Hastings?

The median homeowner in Hastings pays $2,504 a year in property taxes, about 1.43% of the median home value.

Is Hastings 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 Hastings?

The median home value in Hastings is $174,500, about 2.8 times the typical yearly household income.

7,520 people live in Hastings. Numbers are typical (middle) values.