Cost of Living in Wayne, MI: Rent, Income & Home Prices

OKRent takes 23 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,22530% lower than U.S. average

💵 Families earn per year (2026)$63,672about $5,306/month · 27% lower than U.S. average

🔑 House price$157,80053% lower than U.S. average

Rent is lower than in 74% 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 $49,000 a year. That is $24 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 72 of 179 cities from cheapest to most expensive.

Wayne

$1,225

$1,218

$2,550

$973

$1,348

$1,440

$2,078

How much do households earn in Wayne?

Under $25k

15.7%

$25k–50k

30.9%

$50k–100k

36.9%

$100k–150k

9.6%

$150k+

2.8%

Share of households by yearly income. 12.5% of households earn $100,000 or more.

Rent by apartment size in Wayne

Size	Wayne	U.S. average
Studio	$905	$1,338
1 bedroom	$897	$1,324
2 bedrooms	$1,116	$1,509
3 bedrooms	$1,302	$1,698

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

How expensive is Wayne overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing

Goods (food, clothes…)

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 Wayne, so the Michigan figure is shown.

Taxes and bills in Wayne

🏛️ Property tax$2,633a year · 1.67% of home value · U.S. $3,119

⚡ Electric bill$117a month (typical) · U.S. $156

Life in Wayne

Commute to work27.2 minU.S.: 26.4 min

College degree17.5%U.S.: 35.7%

Own their home60.7%U.S.: 65.2%

Below poverty line15.7%U.S.: 12.5%

Unemployment10.3%U.S.: 5.2%

Is it cheaper to rent or buy in Wayne?

Buying is cheaper month to month: about $130 a month less than renting.

Renting

$1,225

Owning

$1,095

Owning assumes a typical $157,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,780 for the down payment.

Frequently asked questions

What is the average rent in Wayne, MI?

Renting in Wayne costs a median of about $1,225 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Wayne?

To keep rent under 30% of income, you need about $49,000 a year, or $24 an hour at a full-time job.

Is Wayne cheap or expensive?

Wayne is rated OK: rent takes 23.1% of the typical household income of $63,672. It ranks 72nd cheapest of 179 Michigan cities we track.

How much are property taxes in Wayne?

The median homeowner in Wayne pays $2,633 a year in property taxes, about 1.67% of the median home value.

Is Wayne 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 Wayne?

The median home value in Wayne is $157,800, about 2.5 times the typical yearly household income.

17,310 people live in Wayne. Numbers are typical (middle) values.

Is Wayne, MI expensive to live in?