Cost of Living in Oakland County, MI
Population 1,279,825 · Census ACS 2020–2024 5-year estimates
The median rent in Oakland County, MI is $1,376/month, 22% higher than the Michigan median and 3% lower than the U.S. median. The median home value is $343,600, 3% higher than the national median. Households earn a median of $97,760 a year, 34% higher than the state median.
Affordability
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Oakland County vs. Michigan vs. U.S.
| Oakland County | Michigan | U.S. | |
|---|---|---|---|
| Median rent | $1,376 | $1,129 | $1,413 |
| Median home value | $343,600 | $231,600 | $332,700 |
| Median household income | $97,760 | $72,875 | $80,734 |
| Homeownership rate | 72.7% | 73.2% | 65.2% |
| Bachelor's degree or higher | 51.0% | 32.4% | 35.7% |
| Poverty rate | 7.7% | 13.2% | 12.5% |
| Unemployment rate | 4.8% | 5.7% | 5.2% |
| Work from home | 20.2% | 13.5% | 15.1% |
| Median age | 41.3 | 40.2 | 38.9 |
FAQ
What is the average rent in Oakland County, MI?
The median gross rent in Oakland County, MI is $1,376 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Oakland County, MI?
Using the common 30% rule, renting a median-priced home takes about $55,040 a year in gross income.
Is Oakland County, MI expensive to live in?
Rent there is 3% lower than the U.S. median, and the median home costs about 3.5 times the median household income.
Other counties in Michigan
Counties with a similar cost of living
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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