33rd most affordable of 199 in Metro Detroit
Cost of Living in Lyon Township, MI
A typical home in Lyon Township costs about $2,125 a month, 17.4% of the median household income of $146,354. That makes Lyon Township the 11th most affordable of 56 places in Oakland County and 33rd of 199 across Metro Detroit.
- Median rent a month
- $1,726
- Median home value
- $473,300
- Owner cost with a mortgage
- $2,524
- Of income on housing
- 17.4%
Lyon Township against Oakland County and the metro
| Census median | Lyon Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,726 | $1,376 | $1,207 |
| Median home value | $473,300 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,524 | $1,998 | $1,720 |
| Median household income (yearly) | $146,354 | $97,760 | $76,664 |
| Share of income on housing | 17.4% | 20.7% | 22.9% |
Ranked 11th most affordable of 56 in Oakland County. See all 56.
Cost of living near Lyon Township
The towns around Lyon Township, each with its own page.
- Northville Township Rent $1,821 · Home $551,800 75th most affordable in the metro
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- South Lyon Rent $1,310 · Home $294,600 104th most affordable in the metro
- Milford Township Rent $1,466 · Home $425,400 125th most affordable in the metro
- Green Oak Township Rent $1,216 · Home $390,800 10th most affordable in the metro
- Brighton Township Rent $1,621 · Home $422,400 16th most affordable in the metro
- Northville Rent $1,623 · Home $465,400 7th most affordable in the metro
Living in Lyon Township
- Homes for sale in Lyon Township Listings and off-market deals
- Rentals in Lyon Township Houses and apartments for rent
- Lyon Township neighborhoods Every neighborhood on a map
- Lyon Township crime rate From Lyon Township'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
- Lyon Township city guide Pros, homes and city services
Lyon Township cost of living questions
5 questions
Is Lyon Township, MI expensive to live in?
A typical home in Lyon Township takes 17.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 33rd most affordable of 199 places.
What is the average rent in Lyon Township?
The median gross rent is $1,726 a month, rent plus the utilities the renter pays, 43% above the metro.
How much does a house cost in Lyon Township?
Owners put the median home value at $473,300, 90% above the metro. With a mortgage, the median owner pays $2,524 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Lyon Township?
Spending no more than 30% of income on housing, the usual rule, a typical Lyon Township home at $2,125 a month calls for about $85,000 a year. The median household here earns $146,354.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Lyon 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.