States › Michigan › Mount Pleasant

Is Mount Pleasant, MI expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,05540% lower than U.S. average
💵 Families earn per year (2026)$48,215about $4,018/month · 45% lower than U.S. average
🔑 House price$173,10048% lower than U.S. average

Rent is lower than in 85% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are short, about 15 minutes. Most households rent (64%), so there are plenty of rental options.

How much money do I need?

To rent here comfortably, you should earn about $42,200 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 46 of 179 cities from cheapest to most expensive.

Mount Pleasant
$1,055
Marquette
$1,197
Birmingham
$1,841
Adrian
$1,193
Monroe
$898
Ypsilanti
$1,273
Ferndale
$1,835

How much do households earn in Mount Pleasant?

Under $25k
22.6%
$25k–50k
29.0%
$50k–100k
24.9%
$100k–150k
7.6%
$150k+
3.5%

Share of households by yearly income. 11.1% of households earn $100,000 or more.

Rent by apartment size in Mount Pleasant

SizeMount PleasantU.S. average
1 bedroom$754$1,324
2 bedrooms$1,068$1,509
3 bedrooms$1,291$1,698
4 bedrooms$1,118$2,098

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

How expensive is Mount Pleasant 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 Mount Pleasant, so the Michigan figure is shown.

Taxes and bills in Mount Pleasant

🏛️ Property tax$3,148a year · 1.82% of home value · U.S. $3,119
⚡ Electric bill$98a month (typical) · U.S. $156

Life in Mount Pleasant

Commute to work15 minU.S.: 26.4 min
College degree42.9%U.S.: 35.7%
Own their home35.7%U.S.: 65.2%
Below poverty line31.4%U.S.: 12.5%
Unemployment7.6%U.S.: 5.2%

Is it cheaper to rent or buy in Mount Pleasant?

Renting is cheaper right now: about $146 a month less.

Renting
$1,055
Owning
$1,201

Owning assumes a typical $173,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,310 for the down payment.

Frequently asked questions

What is the average rent in Mount Pleasant, MI?

Renting in Mount Pleasant costs a median of about $1,055 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Mount Pleasant?

To keep rent under 30% of income, you need about $42,200 a year, or $20 an hour at a full-time job.

Is Mount Pleasant cheap or expensive?

Mount Pleasant is rated OK: rent takes 26.3% of the typical household income of $48,215. It ranks 46th cheapest of 179 Michigan cities we track.

How much are property taxes in Mount Pleasant?

The median homeowner in Mount Pleasant pays $3,148 a year in property taxes, about 1.82% of the median home value.

Is Mount Pleasant 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 Mount Pleasant?

The median home value in Mount Pleasant is $173,100, about 3.6 times the typical yearly household income.

21,236 people live in Mount Pleasant. Numbers are typical (middle) values.