Cost of Living in Lansing, MI
2024 data from the Bureau of Economic Analysis
Cost Index
95.0
5.0% below avg
Housing Index
83.5
Median Income
$68,270
Median Rent
$1,007/mo
Cost Breakdown
Overall95.0 (-5.0%)
Housing83.5 (-16.5%)
Goods93.7 (-6.3%)
Utilities95.5 (-4.5%)
Other Services99.6 (-0.4%)
National average = 100
Income & Housing
Median Household Income
$68,270/year
Median Home Value
$183,800
Median Monthly Rent
$1,007/mo
Per Capita Income
$37,203/year
Compare Lansing, MI With
Frequently Asked Questions
Is Lansing, MI expensive to live in?
Lansing, MI has a cost of living index of 95.0, which is 5.0% below the national average.
How much does housing cost in Lansing, MI?
Housing costs in Lansing, MI are indexed at 83.5 compared to the national average of 100. The median monthly rent is $1,007.
What is the average income in Lansing, MI?
The median household income in Lansing, MI is $68,270 per year.
What is the average home price in Lansing, MI?
The median home value in Lansing, MI is $183,800.