5th most affordable of 199 in Metro Detroit
Cost of Living in Ray Township, MI
A typical home in Ray Township costs about $1,570 a month, 16.0% of the median household income of $117,917. That makes Ray Township the 1st most affordable of 27 places in Macomb County and 5th of 199 across Metro Detroit.
- Median rent a month
- $1,259
- Median home value
- $377,700
- Owner cost with a mortgage
- $1,880
- Of income on housing
- 16.0%
Ray Township against Macomb County and the metro
| Census median | Ray Township | Macomb County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,259 | $1,211 | $1,207 |
| Median home value | $377,700 | $243,900 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,880 | $1,628 | $1,720 |
| Median household income (yearly) | $117,917 | $77,837 | $76,664 |
| Share of income on housing | 16.0% | 21.9% | 22.9% |
Ranked 1st most affordable of 27 in Macomb County. See all 27.
Cost of living near Ray Township
The towns around Ray Township, each with its own page.
- Shelby Township Rent $1,346 · Home $354,500 131st most affordable in the metro
- Chesterfield Rent $1,140 · Home $295,700 66th most affordable in the metro
- Richmond Township Rent $0 · Home $378,800 42nd most affordable in the metro
- Macomb Township Rent $1,379 · Home $387,000 32nd most affordable in the metro
- Washington Township Rent $1,151 · Home $408,400 110th most affordable in the metro
- Romeo Rent $981 · Home $266,200 113th most affordable in the metro
- Bruce Township Rent $1,362 · Home $388,600 24th most affordable in the metro
- Lenox Township Rent $1,360 · Home $212,900 174th most affordable in the metro
Living in Ray Township
Ray Township cost of living questions
5 questions
Is Ray Township, MI expensive to live in?
A typical home in Ray Township takes 16.0% of the median household income, against 22.9% across Metro Detroit, which ranks it 5th most affordable of 199 places.
What is the average rent in Ray Township?
The median gross rent is $1,259 a month, rent plus the utilities the renter pays, 4% above the metro.
How much does a house cost in Ray Township?
Owners put the median home value at $377,700, 51% above the metro. With a mortgage, the median owner pays $1,880 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Ray Township?
Spending no more than 30% of income on housing, the usual rule, a typical Ray Township home at $1,570 a month calls for about $63,000 a year. The median household here earns $117,917.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Ray 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.