Cost of Living in Gratiot County, Michigan
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Gratiot County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gratiot County ranks #1,613 of 3,142 counties for affordability (bottom 49%)
Sourced county brief
Median Home Value in Gratiot County Reaches $147,500
The median home value in Gratiot County was estimated at $147,500 during the 2020-2024 period, which is below the Michigan unweighted county mean of $197,293. The median gross rent in the county is $834 per month, compared to a state unweighted county mean of $906. For owner-occupied units, the median monthly owner cost was recorded at $916, slightly lower than the state unweighted mean of $918. According to the U.S. Census Bureau ACS B25071, the official median gross rent as a percentage of household income (GRAPI) is 28.7%. This figure is 0.2 percentage points lower than the state unweighted county mean of 28.9% for this metric. The median income for renter households in the county is $36,250. These statistics represent a snapshot of local housing costs and income levels among different tenure groups within the jurisdiction. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Gratiot County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.7% of renter household income in Gratiot County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $834 per month; median selected monthly owner costs are $916. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,360 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Michigan unweighted mean of county median rents is $906 per month. Gratiot County's $834 median is 7.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Gratiot County
Rent Burden
15.7%
of gross income
Max Housing (28% Rule)
$1,483
per month
Owner Cost Burden
17.3%
of gross income
You can likely afford the median home in Gratiot County
Median home value is $147,500. Estimated monthly cost: $1,178 vs. your max of $1,483.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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