salaryRent is higher than in 58% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 19.4 minutes. It is a highly educated city: 72.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $72,440 a year. That is $35 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 154 of 179 cities from cheapest to most expensive.
How much do households earn in Okemos?
Share of households by yearly income. 43.1% of households earn $100,000 or more.
Rent by apartment size in Okemos
| Size | Okemos | U.S. average |
|---|---|---|
| Studio | $1,466 | $1,338 |
| 1 bedroom | $1,256 | $1,324 |
| 2 bedrooms | $1,576 | $1,509 |
| 3 bedrooms | $1,665 | $1,698 |
| 4 bedrooms | $1,200 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Okemos overall?
Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Okemos, so the Michigan figure is shown.
Taxes and bills in Okemos
Life in Okemos
Is it cheaper to rent or buy in Okemos?
Renting is cheaper right now: about $681 a month less.
Owning assumes a typical $359,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,920 for the down payment.
Frequently asked questions
What is the average rent in Okemos, MI?
Renting in Okemos costs a median of about $1,811 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Okemos?
To keep rent under 30% of income, you need about $72,440 a year, or $35 an hour at a full-time job.
Is Okemos cheap or expensive?
Okemos is rated Cheap: rent takes 19.6% of the typical household income of $110,667. It ranks 154th cheapest of 179 Michigan cities we track.
How much are property taxes in Okemos?
The median homeowner in Okemos pays $6,787 a year in property taxes, about 1.89% of the median home value.
Is Okemos 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 Okemos?
The median home value in Okemos is $359,200, about 3.2 times the typical yearly household income.
26,396 people live in Okemos. Numbers are typical (middle) values.