States › Michigan › Highland Park

Is Highland Park, MI expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$74158% lower than U.S. average
💵 Families earn per year (2026)$31,610about $2,634/month · 64% lower than U.S. average
🔑 House price$79,20076% 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. Most households rent (56%), so there are plenty of rental options.

How much money do I need?

To rent here comfortably, you should earn about $29,640 a year. That is $14 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 4 of 179 cities from cheapest to most expensive.

Highland Park
$741
Tecumseh
$1,094
Big Rapids
$1,198
Houghton
$1,078
Center Line
$1,659
Beecher
$1,177
Westwood
$995

How much do households earn in Highland Park?

Under $25k
36.6%
$25k–50k
22.7%
$50k–100k
19.1%
$100k–150k
3.7%
$150k+
4.5%

Share of households by yearly income. 8.3% of households earn $100,000 or more.

Rent by apartment size in Highland Park

SizeHighland ParkU.S. average
Studio$601$1,338
1 bedroom$615$1,324
2 bedrooms$1,045$1,509
3 bedrooms$1,358$1,698

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

How expensive is Highland Park 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 Highland Park, so the Michigan figure is shown.

Taxes and bills in Highland Park

🏛️ Property tax$1,326a year · 1.67% of home value · U.S. $3,119
⚡ Electric bill$157a month (typical) · U.S. $156

Life in Highland Park

Commute to work22.3 minU.S.: 26.4 min
College degree17.3%U.S.: 35.7%
Own their home44.5%U.S.: 65.2%
Below poverty line40.9%U.S.: 12.5%
Unemployment18.7%U.S.: 5.2%

Is it cheaper to rent or buy in Highland Park?

Buying is cheaper month to month: about $191 a month less than renting.

Renting
$741
Owning
$550

Owning assumes a typical $79,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $7,920 for the down payment.

Frequently asked questions

What is the average rent in Highland Park, MI?

Renting in Highland Park costs a median of about $741 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Highland Park?

To keep rent under 30% of income, you need about $29,640 a year, or $14 an hour at a full-time job.

Is Highland Park cheap or expensive?

Highland Park is rated OK: rent takes 28.1% of the typical household income of $31,610. It ranks 4th cheapest of 179 Michigan cities we track.

How much are property taxes in Highland Park?

The median homeowner in Highland Park pays $1,326 a year in property taxes, about 1.67% of the median home value.

Is Highland Park 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 Highland Park?

The median home value in Highland Park is $79,200, about 2.5 times the typical yearly household income.

8,628 people live in Highland Park. Numbers are typical (middle) values.