104th most affordable of 199 in Metro Detroit
Cost of Living in South Lyon, MI
A typical home in South Lyon costs about $1,604 a month, 20.8% of the median household income of $92,467. That makes South Lyon the 33rd most affordable of 56 places in Oakland County and 104th of 199 across Metro Detroit.
- Median rent a month
- $1,310
- Median home value
- $294,600
- Owner cost with a mortgage
- $1,898
- Of income on housing
- 20.8%
South Lyon against Oakland County and the metro
| Census median | South Lyon | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,310 | $1,376 | $1,207 |
| Median home value | $294,600 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,898 | $1,998 | $1,720 |
| Median household income (yearly) | $92,467 | $97,760 | $76,664 |
| Share of income on housing | 20.8% | 20.7% | 22.9% |
Ranked 33rd most affordable of 56 in Oakland County. See all 56.
Cost of living near South Lyon
The towns around South Lyon, each with its own page.
- Lyon Township Rent $1,726 · Home $473,300 33rd most affordable in the metro
- Green Oak Township Rent $1,216 · Home $390,800 10th most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- Milford Township Rent $1,466 · Home $425,400 125th most affordable in the metro
- Brighton Township Rent $1,621 · Home $422,400 16th most affordable in the metro
- Brighton Rent $1,198 · Home $339,000 149th most affordable in the metro
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- Northville Rent $1,623 · Home $465,400 7th most affordable in the metro
Living in South Lyon
- Homes for sale in South Lyon Listings and off-market deals
- Rentals in South Lyon Houses and apartments for rent
- South Lyon neighborhoods Every neighborhood on a map
- South Lyon crime rate From South Lyon'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
- South Lyon city guide Pros, homes and city services
South Lyon cost of living questions
5 questions
Is South Lyon, MI expensive to live in?
A typical home in South Lyon takes 20.8% of the median household income, against 22.9% across Metro Detroit, which ranks it 104th most affordable of 199 places.
What is the average rent in South Lyon?
The median gross rent is $1,310 a month, rent plus the utilities the renter pays, 9% above the metro.
How much does a house cost in South Lyon?
Owners put the median home value at $294,600, 18% above the metro. With a mortgage, the median owner pays $1,898 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in South Lyon?
Spending no more than 30% of income on housing, the usual rule, a typical South Lyon home at $1,604 a month calls for about $64,000 a year. The median household here earns $92,467.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for South Lyon. 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.