64th most affordable of 199 in Metro Detroit
Cost of Living in Sylvan Lake, MI
A typical home in Sylvan Lake costs about $1,671 a month, 18.8% of the median household income of $106,429. That makes Sylvan Lake the 20th most affordable of 56 places in Oakland County and 64th of 199 across Metro Detroit.
- Median rent a month
- $1,113
- Median home value
- $391,000
- Owner cost with a mortgage
- $2,229
- Of income on housing
- 18.8%
Sylvan Lake against Oakland County and the metro
| Census median | Sylvan Lake | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,113 | $1,376 | $1,207 |
| Median home value | $391,000 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,229 | $1,998 | $1,720 |
| Median household income (yearly) | $106,429 | $97,760 | $76,664 |
| Share of income on housing | 18.8% | 20.7% | 22.9% |
Ranked 20th most affordable of 56 in Oakland County. See all 56.
Cost of living near Sylvan Lake
The towns around Sylvan Lake, each with its own page.
- Pontiac Rent $1,063 · Home $121,700 192nd most affordable in the metro
- Waterford Rent $1,111 · Home $250,900 109th most affordable in the metro
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Keego Harbor Rent $1,194 · Home $255,900 184th most affordable in the metro
- Bloomfield Township Rent $1,574 · Home $604,800 29th most affordable in the metro
- Orchard Lake Village Rent $936 · Home $737,000 1st most affordable in the metro
- Bloomfield Hills Rent $3,501 · Home $947,900 158th most affordable in the metro
- Auburn Hills Rent $1,477 · Home $245,000 126th most affordable in the metro
Living in Sylvan Lake
- Homes for sale in Sylvan Lake Listings and off-market deals
- Rentals in Sylvan Lake Houses and apartments for rent
- Sylvan Lake neighborhoods Every neighborhood on a map
- Sylvan Lake crime rate From Sylvan Lake'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
- Sylvan Lake city guide Pros, homes and city services
Sylvan Lake cost of living questions
5 questions
Is Sylvan Lake, MI expensive to live in?
A typical home in Sylvan Lake takes 18.8% of the median household income, against 22.9% across Metro Detroit, which ranks it 64th most affordable of 199 places.
What is the average rent in Sylvan Lake?
The median gross rent is $1,113 a month, rent plus the utilities the renter pays, 8% below the metro.
How much does a house cost in Sylvan Lake?
Owners put the median home value at $391,000, 57% above the metro. With a mortgage, the median owner pays $2,229 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Sylvan Lake?
Spending no more than 30% of income on housing, the usual rule, a typical Sylvan Lake home at $1,671 a month calls for about $67,000 a year. The median household here earns $106,429.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Sylvan Lake. 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.