163rd most affordable of 199 in Metro Detroit
Cost of Living in Wolverine Lake, MI
A typical home in Wolverine Lake costs about $1,860 a month, 24.2% of the median household income of $92,247. That makes Wolverine Lake the 50th most affordable of 56 places in Oakland County and 163rd of 199 across Metro Detroit.
- Median rent a month
- $2,051
- Median home value
- $288,000
- Owner cost with a mortgage
- $1,668
- Of income on housing
- 24.2%
Wolverine Lake against Oakland County and the metro
| Census median | Wolverine Lake | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $2,051 | $1,376 | $1,207 |
| Median home value | $288,000 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,668 | $1,998 | $1,720 |
| Median household income (yearly) | $92,247 | $97,760 | $76,664 |
| Share of income on housing | 24.2% | 20.7% | 22.9% |
Ranked 50th most affordable of 56 in Oakland County. See all 56.
Cost of living near Wolverine Lake
The towns around Wolverine Lake, each with its own page.
- Walled Lake Rent $1,419 · Home $224,200 172nd most affordable in the metro
- Commerce Rent $2,005 · Home $365,700 118th most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- Milford Rent $1,173 · Home $363,700 55th most affordable in the metro
- Orchard Lake Village Rent $936 · Home $737,000 1st most affordable in the metro
- Milford Township Rent $1,466 · Home $425,400 125th most affordable in the metro
Living in Wolverine Lake
- Homes for sale in Wolverine Lake Listings and off-market deals
- Rentals in Wolverine Lake Houses and apartments for rent
- Wolverine Lake neighborhoods Every neighborhood on a map
- Wolverine Lake crime rate From Wolverine 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
- Wolverine Lake city guide Pros, homes and city services
Wolverine Lake cost of living questions
5 questions
Is Wolverine Lake, MI expensive to live in?
A typical home in Wolverine Lake takes 24.2% of the median household income, against 22.9% across Metro Detroit, which ranks it 163rd most affordable of 199 places.
What is the average rent in Wolverine Lake?
The median gross rent is $2,051 a month, rent plus the utilities the renter pays, 70% above the metro.
How much does a house cost in Wolverine Lake?
Owners put the median home value at $288,000, 15% above the metro. With a mortgage, the median owner pays $1,668 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Wolverine Lake?
Spending no more than 30% of income on housing, the usual rule, a typical Wolverine Lake home at $1,860 a month calls for about $74,000 a year. The median household here earns $92,247.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Wolverine 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.