salaryRent is higher than in 60% of U.S. cities. Incomes are on the low side for rents this high, so budgets feel tight. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $73,880 a year. That is $36 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 160 of 179 cities from cheapest to most expensive.
How much do households earn in Taylor?
Share of households by yearly income. 15.4% of households earn $100,000 or more.
Rent by apartment size in Taylor
| Size | Taylor | U.S. average |
|---|---|---|
| Studio | $950 | $1,338 |
| 1 bedroom | $1,045 | $1,324 |
| 2 bedrooms | $1,134 | $1,509 |
| 3 bedrooms | $1,443 | $1,698 |
| 4 bedrooms | $1,550 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Taylor 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 Taylor, so the Michigan figure is shown.
Taxes and bills in Taylor
Life in Taylor
Is it cheaper to rent or buy in Taylor?
Buying is cheaper month to month: about $788 a month less than renting.
Owning assumes a typical $152,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,260 for the down payment.
Frequently asked questions
What is the average rent in Taylor, MI?
Renting in Taylor costs a median of about $1,847 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Taylor?
To keep rent under 30% of income, you need about $73,880 a year, or $36 an hour at a full-time job.
Is Taylor cheap or expensive?
Taylor is rated Expensive: rent takes 33.6% of the typical household income of $65,876. It ranks 160th cheapest of 179 Michigan cities we track.
How much are property taxes in Taylor?
The median homeowner in Taylor pays $2,596 a year in property taxes, about 1.70% of the median home value.
Is Taylor 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 Taylor?
The median home value in Taylor is $152,600, about 2.3 times the typical yearly household income.
62,081 people live in Taylor. Numbers are typical (middle) values.