Cost of Living in Niles, MI
2024 data from the Bureau of Economic Analysis
Cost Index
92.4
7.6% below avg
Housing Index
71.6
Median Income
$60,379
Median Rent
$885/mo
Cost Breakdown
Overall92.4 (-7.6%)
Housing71.6 (-28.4%)
Goods93.7 (-6.3%)
Utilities96.0 (-4.0%)
Other Services99.6 (-0.4%)
National average = 100
Income & Housing
Median Household Income
$60,379/year
Median Home Value
$193,600
Median Monthly Rent
$885/mo
Per Capita Income
$36,764/year
Compare Niles, MI With
Frequently Asked Questions
Is Niles, MI expensive to live in?
Niles, MI has a cost of living index of 92.4, which is 7.6% below the national average.
How much does housing cost in Niles, MI?
Housing costs in Niles, MI are indexed at 71.6 compared to the national average of 100. The median monthly rent is $885.
What is the average income in Niles, MI?
The median household income in Niles, MI is $60,379 per year.
What is the average home price in Niles, MI?
The median home value in Niles, MI is $193,600.