States › Michigan › New Baltimore

Is New Baltimore, MI expensive to live in?

CheapRent takes 12 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,14934% lower than U.S. average
💵 Families earn per year (2026)$114,357about $9,530/month · 31% higher than U.S. average
🔑 House price$323,2003% lower than U.S. average

Rent is lower than in 79% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.7 minutes each way. Most homes (83.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $45,960 a year. That is $22 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 62 of 179 cities from cheapest to most expensive.

New Baltimore
$1,149
Riverview
$1,218
South Lyon
$1,521
Fenton
$1,557
Niles
$950
Escanaba
$1,026
Melvindale
$1,228

How much do households earn in New Baltimore?

Under $25k
11.4%
$25k–50k
15.3%
$50k–100k
27.7%
$100k–150k
28.5%
$150k+
14.7%

Share of households by yearly income. 43.1% of households earn $100,000 or more.

Rent by apartment size in New Baltimore

SizeNew BaltimoreU.S. average
1 bedroom$881$1,324
2 bedrooms$1,234$1,509

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

How expensive is New Baltimore 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 New Baltimore, so the Michigan figure is shown.

Taxes and bills in New Baltimore

🏛️ Property tax$4,310a year · 1.33% of home value · U.S. $3,119
⚡ Electric bill$140a month (typical) · U.S. $156

Life in New Baltimore

Commute to work30.7 minU.S.: 26.4 min
College degree30.5%U.S.: 35.7%
Own their home83.8%U.S.: 65.2%
Below poverty line5.4%U.S.: 12.5%
Unemployment4.2%U.S.: 5.2%

Is it cheaper to rent or buy in New Baltimore?

Renting is cheaper right now: about $1,094 a month less.

Renting
$1,149
Owning
$2,243

Owning assumes a typical $323,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,320 for the down payment.

Frequently asked questions

What is the average rent in New Baltimore, MI?

Renting in New Baltimore costs a median of about $1,149 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in New Baltimore?

To keep rent under 30% of income, you need about $45,960 a year, or $22 an hour at a full-time job.

Is New Baltimore cheap or expensive?

New Baltimore is rated Cheap: rent takes 12.1% of the typical household income of $114,357. It ranks 62nd cheapest of 179 Michigan cities we track.

How much are property taxes in New Baltimore?

The median homeowner in New Baltimore pays $4,310 a year in property taxes, about 1.33% of the median home value.

Is New Baltimore 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 New Baltimore?

The median home value in New Baltimore is $323,200, about 2.8 times the typical yearly household income.

12,072 people live in New Baltimore. Numbers are typical (middle) values.