Rent is lower than in 60% of U.S. cities. 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 $58,440 a year. That is $28 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 113 of 179 cities from cheapest to most expensive.
How much do households earn in Temperance?
Share of households by yearly income. 29.9% of households earn $100,000 or more.
Rent by apartment size in Temperance
| Size | Temperance | U.S. average |
|---|---|---|
| 2 bedrooms | $1,502 | $1,509 |
| 3 bedrooms | $1,893 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Temperance 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 Temperance, so the Michigan figure is shown.
Taxes and bills in Temperance
Life in Temperance
Is it cheaper to rent or buy in Temperance?
Renting is cheaper right now: about $274 a month less.
Owning assumes a typical $250,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,010 for the down payment.
Frequently asked questions
What is the average rent in Temperance, MI?
Renting in Temperance costs a median of about $1,461 a month in 2026, including utilities. The Michigan median is $1,314.
How much do I need to make to live in Temperance?
To keep rent under 30% of income, you need about $58,440 a year, or $28 an hour at a full-time job.
Is Temperance cheap or expensive?
Temperance is rated Cheap: rent takes 19.9% of the typical household income of $87,901. It ranks 113th cheapest of 179 Michigan cities we track.
How much are property taxes in Temperance?
The median homeowner in Temperance pays $2,823 a year in property taxes, about 1.13% of the median home value.
Is Temperance 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 Temperance?
The median home value in Temperance is $250,100, about 2.8 times the typical yearly household income.
8,914 people live in Temperance. Numbers are typical (middle) values.