States › Michigan › Hillsdale

Is Hillsdale, MI expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,32624% lower than U.S. average
💵 Families earn per year (2026)$55,044about $4,587/month · 37% lower than U.S. average
🔑 House price$130,90061% lower than U.S. average

Rent is lower than in 67% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 14.9 minutes.

How much money do I need?

To rent here comfortably, you should earn about $53,040 a year. That is $26 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 91 of 179 cities from cheapest to most expensive.

Hillsdale
$1,326

How much do households earn in Hillsdale?

Under $25k
23.8%
$25k–50k
25.9%
$50k–100k
35.1%
$100k–150k
6.4%
$150k+
2.9%

Share of households by yearly income. 9.3% of households earn $100,000 or more.

Rent by apartment size in Hillsdale

SizeHillsdaleU.S. average
Studio$481$1,338
1 bedroom$510$1,324
2 bedrooms$922$1,509
3 bedrooms$1,233$1,698
4 bedrooms$1,733$2,098

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

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

Taxes and bills in Hillsdale

🏛️ Property tax$1,830a year · 1.40% of home value · U.S. $3,119
⚡ Electric bill$123a month (typical) · U.S. $156

Life in Hillsdale

Commute to work14.9 minU.S.: 26.4 min
College degree26.2%U.S.: 35.7%
Own their home53.6%U.S.: 65.2%
Below poverty line22.9%U.S.: 12.5%
Unemployment4.4%U.S.: 5.2%

Is it cheaper to rent or buy in Hillsdale?

Buying is cheaper month to month: about $418 a month less than renting.

Renting
$1,326
Owning
$908

Owning assumes a typical $130,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,090 for the down payment.

Frequently asked questions

What is the average rent in Hillsdale, MI?

Renting in Hillsdale costs a median of about $1,326 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $53,040 a year, or $26 an hour at a full-time job.

Is Hillsdale cheap or expensive?

Hillsdale is rated OK: rent takes 28.9% of the typical household income of $55,044. It ranks 91st cheapest of 179 Michigan cities we track.

How much are property taxes in Hillsdale?

The median homeowner in Hillsdale pays $1,830 a year in property taxes, about 1.40% of the median home value.

Is Hillsdale 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 Hillsdale?

The median home value in Hillsdale is $130,900, about 2.4 times the typical yearly household income.

8,002 people live in Hillsdale. Numbers are typical (middle) values.