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49th most affordable of 199 in Metro Detroit

Cost of Living in Rockwood, MI

A typical home in Rockwood costs about $1,326 a month, 18.1% of the median household income of $88,080. That makes Rockwood the 5th most affordable of 42 places in Wayne County and 49th of 199 across Metro Detroit.

Median rent a month
$1,037
Median home value
$188,600
Owner cost with a mortgage
$1,614
Of income on housing
18.1%

Rockwood against Wayne County and the metro

Census median Rockwood Wayne County Metro Detroit
Median rent (monthly) $1,037 $1,132 $1,207
Median home value $188,600 $178,500 $249,700
Owner cost with a mortgage (monthly) $1,614 $1,556 $1,720
Median household income (yearly) $88,080 $60,539 $76,664
Share of income on housing 18.1% 26.6% 22.9%

Ranked 5th most affordable of 42 in Wayne County. See all 42.

Cost of living near Rockwood

The towns around Rockwood, each with its own page.

Living in Rockwood

Rockwood cost of living questions

5 questions

Is Rockwood, MI expensive to live in?
A typical home in Rockwood takes 18.1% of the median household income, against 22.9% across Metro Detroit, which ranks it 49th most affordable of 199 places.
What is the average rent in Rockwood?
The median gross rent is $1,037 a month, rent plus the utilities the renter pays, 14% below the metro.
How much does a house cost in Rockwood?
Owners put the median home value at $188,600, 24% below the metro. With a mortgage, the median owner pays $1,614 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Rockwood?
Spending no more than 30% of income on housing, the usual rule, a typical Rockwood home at $1,326 a month calls for about $53,000 a year. The median household here earns $88,080.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Rockwood. 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.