113th most affordable of 199 in Metro Detroit
Cost of Living in Romeo, MI
A typical home in Romeo costs about $1,314 a month, 21.2% of the median household income of $74,323. That makes Romeo the 12th most affordable of 27 places in Macomb County and 113th of 199 across Metro Detroit.
- Median rent a month
- $981
- Median home value
- $266,200
- Owner cost with a mortgage
- $1,647
- Of income on housing
- 21.2%
Romeo against Macomb County and the metro
| Census median | Romeo | Macomb County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $981 | $1,211 | $1,207 |
| Median home value | $266,200 | $243,900 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,647 | $1,628 | $1,720 |
| Median household income (yearly) | $74,323 | $77,837 | $76,664 |
| Share of income on housing | 21.2% | 21.9% | 22.9% |
Ranked 12th most affordable of 27 in Macomb County. See all 27.
Cost of living near Romeo
The towns around Romeo, each with its own page.
- Washington Township Rent $1,151 · Home $408,400 110th most affordable in the metro
- Bruce Township Rent $1,362 · Home $388,600 24th most affordable in the metro
- Ray Township Rent $1,259 · Home $377,700 5th most affordable in the metro
- Armada Township Rent $1,053 · Home $331,100 14th most affordable in the metro
- Armada Rent $1,061 · Home $274,300 19th most affordable in the metro
- Almont Rent $988 · Home $246,500 63rd most affordable in the metro
- Oakland Township Rent $2,189 · Home $588,900 39th most affordable in the metro
- Addison Township Rent $1,102 · Home $416,700 37th most affordable in the metro
Living in Romeo
- Homes for sale in Romeo Listings and off-market deals
- Rentals in Romeo Houses and apartments for rent
- Romeo neighborhoods Every neighborhood on a map
- Romeo crime rate From Romeo's own police reports
- Cost of living in Macomb County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Romeo city guide Pros, homes and city services
Romeo cost of living questions
5 questions
Is Romeo, MI expensive to live in?
A typical home in Romeo takes 21.2% of the median household income, against 22.9% across Metro Detroit, which ranks it 113th most affordable of 199 places.
What is the average rent in Romeo?
The median gross rent is $981 a month, rent plus the utilities the renter pays, 19% below the metro.
How much does a house cost in Romeo?
Owners put the median home value at $266,200, 7% above the metro. With a mortgage, the median owner pays $1,647 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Romeo?
Spending no more than 30% of income on housing, the usual rule, a typical Romeo home at $1,314 a month calls for about $53,000 a year. The median household here earns $74,323.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Romeo. 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.