salaryRent is lower than in 56% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.7 minutes each way. Most homes (81.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $60,840 a year. That is $29 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 122 of 179 cities from cheapest to most expensive.
How much do households earn in South Lyon?
Share of households by yearly income. 38.0% of households earn $100,000 or more.
Rent by apartment size in South Lyon
| Size | South Lyon | U.S. average |
|---|---|---|
| Studio | $857 | $1,338 |
| 1 bedroom | $1,225 | $1,324 |
| 2 bedrooms | $1,543 | $1,509 |
| 3 bedrooms | $2,389 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is South Lyon 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 South Lyon, so the Michigan figure is shown.
Taxes and bills in South Lyon
Life in South Lyon
Is it cheaper to rent or buy in South Lyon?
Renting is cheaper right now: about $523 a month less.
Owning assumes a typical $294,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,460 for the down payment.
Frequently asked questions
What is the average rent in South Lyon, MI?
Renting in South Lyon costs a median of about $1,521 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in South Lyon?
To keep rent under 30% of income, you need about $60,840 a year, or $29 an hour at a full-time job.
Is South Lyon cheap or expensive?
South Lyon is rated Cheap: rent takes 18.3% of the typical household income of $99,726. It ranks 122nd cheapest of 179 Michigan cities we track.
How much are property taxes in South Lyon?
The median homeowner in South Lyon pays $4,044 a year in property taxes, about 1.37% of the median home value.
Is South Lyon 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 South Lyon?
The median home value in South Lyon is $294,600, about 3.0 times the typical yearly household income.
11,950 people live in South Lyon. Numbers are typical (middle) values.