59th most affordable of 199 in Metro Detroit
Cost of Living in Independence Township, MI
A typical home in Independence Township costs about $1,782 a month, 18.6% of the median household income of $114,699. That makes Independence Township the 18th most affordable of 56 places in Oakland County and 59th of 199 across Metro Detroit.
- Median rent a month
- $1,453
- Median home value
- $381,700
- Owner cost with a mortgage
- $2,110
- Of income on housing
- 18.6%
Independence Township against Oakland County and the metro
| Census median | Independence Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,453 | $1,376 | $1,207 |
| Median home value | $381,700 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,110 | $1,998 | $1,720 |
| Median household income (yearly) | $114,699 | $97,760 | $76,664 |
| Share of income on housing | 18.6% | 20.7% | 22.9% |
Ranked 18th most affordable of 56 in Oakland County. See all 56.
Cost of living near Independence Township
The towns around Independence Township, each with its own page.
- Auburn Hills Rent $1,477 · Home $245,000 126th most affordable in the metro
- Waterford Rent $1,111 · Home $250,900 109th most affordable in the metro
- Orion Township Rent $1,327 · Home $369,900 27th most affordable in the metro
- Brandon Township Rent $1,048 · Home $331,000 82nd most affordable in the metro
- Groveland Township Rent $1,584 · Home $342,500 91st most affordable in the metro
- Springfield Township Rent $1,206 · Home $384,800 48th most affordable in the metro
- Ortonville Rent $956 · Home $244,400 3rd most affordable in the metro
- Lake Orion Rent $798 · Home $376,600 72nd most affordable in the metro
Living in Independence Township
- Homes for sale in Independence Township Listings and off-market deals
- Rentals in Independence Township Houses and apartments for rent
- Independence Township neighborhoods Every neighborhood on a map
- Independence Township crime rate From Independence Township's own police reports
- Independence Township cost of living by neighborhood Every neighborhood ranked, updated monthly
- Most expensive neighborhoods in Independence Township The last 12 months
- Least expensive neighborhoods in Independence Township The last 12 months
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Independence Township city guide Pros, homes and city services
Independence Township cost of living questions
5 questions
Is Independence Township, MI expensive to live in?
A typical home in Independence Township takes 18.6% of the median household income, against 22.9% across Metro Detroit, which ranks it 59th most affordable of 199 places.
What is the average rent in Independence Township?
The median gross rent is $1,453 a month, rent plus the utilities the renter pays, 20% above the metro.
How much does a house cost in Independence Township?
Owners put the median home value at $381,700, 53% above the metro. With a mortgage, the median owner pays $2,110 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Independence Township?
Spending no more than 30% of income on housing, the usual rule, a typical Independence Township home at $1,782 a month calls for about $71,000 a year. The median household here earns $114,699.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Independence Township. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.