39th most affordable of 199 in Metro Detroit
Cost of Living in Oakland Township, MI
A typical home in Oakland Township costs about $2,458 a month, 17.7% of the median household income of $166,538. That makes Oakland Township the 14th most affordable of 56 places in Oakland County and 39th of 199 across Metro Detroit.
- Median rent a month
- $2,189
- Median home value
- $588,900
- Owner cost with a mortgage
- $2,727
- Of income on housing
- 17.7%
Oakland Township against Oakland County and the metro
| Census median | Oakland Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $2,189 | $1,376 | $1,207 |
| Median home value | $588,900 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,727 | $1,998 | $1,720 |
| Median household income (yearly) | $166,538 | $97,760 | $76,664 |
| Share of income on housing | 17.7% | 20.7% | 22.9% |
Ranked 14th most affordable of 56 in Oakland County. See all 56.
Cost of living near Oakland Township
The towns around Oakland Township, each with its own page.
- Auburn Hills Rent $1,477 · Home $245,000 126th most affordable in the metro
- Shelby Township Rent $1,346 · Home $354,500 131st most affordable in the metro
- Bruce Township Rent $1,362 · Home $388,600 24th most affordable in the metro
- Rochester Hills Rent $1,644 · Home $409,800 73rd most affordable in the metro
- Orion Township Rent $1,327 · Home $369,900 27th most affordable in the metro
- Addison Township Rent $1,102 · Home $416,700 37th most affordable in the metro
- Washington Township Rent $1,151 · Home $408,400 110th most affordable in the metro
- Rochester Rent $1,350 · Home $473,200 84th most affordable in the metro
Living in Oakland Township
- Homes for sale in Oakland Township Listings and off-market deals
- Rentals in Oakland Township Houses and apartments for rent
- Oakland Township neighborhoods Every neighborhood on a map
- Oakland Township crime rate From Oakland 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
- Oakland Township city guide Pros, homes and city services
Oakland Township cost of living questions
5 questions
Is Oakland Township, MI expensive to live in?
A typical home in Oakland Township takes 17.7% of the median household income, against 22.9% across Metro Detroit, which ranks it 39th most affordable of 199 places.
What is the average rent in Oakland Township?
The median gross rent is $2,189 a month, rent plus the utilities the renter pays, 81% above the metro.
How much does a house cost in Oakland Township?
Owners put the median home value at $588,900, 136% above the metro. With a mortgage, the median owner pays $2,727 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Oakland Township?
Spending no more than 30% of income on housing, the usual rule, a typical Oakland Township home at $2,458 a month calls for about $98,000 a year. The median household here earns $166,538.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Oakland 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.