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Cost of Living in Norton Shores, MI

Population 25,041 · Census ACS 2020–2024 5-year estimates

Median rent$1,341
Median home value$234,800
Median household income$76,579

The median rent in Norton Shores, MI is $1,341/month, 19% higher than the Michigan median and 5% lower than the U.S. median. The median home value is $234,800, 29% lower than the national median. Households earn a median of $76,579 a year, 5% higher than the state median.

Affordability

Rent as a share of median income: 21.0%
Income needed for median rent (30% rule): $53,640/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,187/mo

Run your own numbers: mortgage calculator · hourly to salary

Norton Shores vs. Michigan vs. U.S.

Norton ShoresMichiganU.S.
Median rent$1,341$1,129$1,413
Median home value$234,800$231,600$332,700
Median household income$76,579$72,875$80,734
Homeownership rate84.2%73.2%65.2%
Bachelor's degree or higher33.3%32.4%35.7%
Poverty rate6.5%13.2%12.5%
Unemployment rate4.8%5.7%5.2%
Work from home11.4%13.5%15.1%
Median age40.640.238.9

FAQ

What is the average rent in Norton Shores, MI?

The median gross rent in Norton Shores, MI is $1,341 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Norton Shores, MI?

Using the common 30% rule, renting a median-priced home takes about $53,640 a year in gross income.

Is Norton Shores, MI expensive to live in?

Rent there is 5% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other cities in Michigan

Detroit, MIRent $1,074 · Income $39,938Grand Rapids, MIRent $1,266 · Income $69,108Warren, MIRent $1,225 · Income $64,016Sterling Heights, MIRent $1,292 · Income $79,909Ann Arbor, MIRent $1,649 · Income $82,212Lansing, MIRent $993 · Income $54,382

Cities with a similar cost of living

Taylors, SCRent $1,337 · Income $77,144New Hope, MNRent $1,335 · Income $77,662Niles, ILRent $1,336 · Income $75,274Keene, NHRent $1,342 · Income $78,445Hanford, CARent $1,309 · Income $76,461Fridley, MNRent $1,326 · Income $77,680

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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