60th most affordable of 199 in Metro Detroit
Cost of Living in Lathrup Village, MI
A typical home in Lathrup Village costs about $1,707 a month, 18.6% of the median household income of $109,893. That makes Lathrup Village the 19th most affordable of 56 places in Oakland County and 60th of 199 across Metro Detroit.
- Median rent a month
- $1,483
- Median home value
- $310,600
- Owner cost with a mortgage
- $1,931
- Of income on housing
- 18.6%
Lathrup Village against Oakland County and the metro
| Census median | Lathrup Village | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,483 | $1,376 | $1,207 |
| Median home value | $310,600 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,931 | $1,998 | $1,720 |
| Median household income (yearly) | $109,893 | $97,760 | $76,664 |
| Share of income on housing | 18.6% | 20.7% | 22.9% |
Ranked 19th most affordable of 56 in Oakland County. See all 56.
Cost of living near Lathrup Village
The towns around Lathrup Village, each with its own page.
- Southfield Rent $1,340 · Home $236,200 179th most affordable in the metro
- Berkley Rent $1,526 · Home $316,700 28th most affordable in the metro
- Beverly Hills Rent $2,077 · Home $511,000 11th most affordable in the metro
- Southfield Township Rent $2,112 · Home $544,100 8th most affordable in the metro
- Oak Park Rent $1,396 · Home $212,300 157th most affordable in the metro
- Huntington Woods Rent $2,493 · Home $473,900 15th most affordable in the metro
- Bingham Farms Rent $3,501 · Home $580,500 23rd most affordable in the metro
- Birmingham Rent $1,902 · Home $698,300 112th most affordable in the metro
Living in Lathrup Village
- Homes for sale in Lathrup Village Listings and off-market deals
- Rentals in Lathrup Village Houses and apartments for rent
- Lathrup Village crime rate From Lathrup Village's own police reports
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Lathrup Village city guide Pros, homes and city services
Lathrup Village cost of living questions
5 questions
Is Lathrup Village, MI expensive to live in?
A typical home in Lathrup Village takes 18.6% of the median household income, against 22.9% across Metro Detroit, which ranks it 60th most affordable of 199 places.
What is the average rent in Lathrup Village?
The median gross rent is $1,483 a month, rent plus the utilities the renter pays, 23% above the metro.
How much does a house cost in Lathrup Village?
Owners put the median home value at $310,600, 24% above the metro. With a mortgage, the median owner pays $1,931 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Lathrup Village?
Spending no more than 30% of income on housing, the usual rule, a typical Lathrup Village home at $1,707 a month calls for about $68,000 a year. The median household here earns $109,893.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Lathrup Village. 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.