Quick facts: Flint, MI

Quick Facts

85.2
Cost of Living
below US average
79,854
Population
25.45
Crime Rate per 1000
above US average
$35,451
Median Income
below US average
$42,500
Median House Price
above US average
$1011.05
Average Rent
below US average
32%
Poverty Rate
above US average
10.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $35,451.

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Income Needed to Buy

βœ“ Affordable
$13k/year
Based on $42,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($35,451) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$43k/year
Based on $1011.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $43k vs median $35,451
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Flint, MI

Flint, Michigan, located in Genesee County, is a city with a rich history and a vibrant culture. Once known as the birthplace of General Motors, Flint played a pivotal role in the automotive industry during the 20th century. Today, the city is undergoing revitalization efforts, aiming to transform its economy and community infrastructure. Flint is home to several educational institutions, including the University of Michigan-Flint and Kettering University, which contribute to the city's youthful energy and innovation. The city boasts numerous parks and recreational areas, such as the Flint River Trail, offering outdoor enthusiasts opportunities for walking, biking, and fishing along the scenic river. Culturally, Flint has a diverse arts scene, highlighted by the Flint Institute of Arts and the Flint Cultural Center, which hosts various performances and exhibitions. The city also has a notable historic district showcasing 19th-century architecture. While Flint has faced challenges, particularly regarding water quality issues, community resilience and engagement have been key themes in its journey towards a brighter future. The city continues to foster a sense of pride among its residents, with ongoing efforts to build a sustainable and inclusive community.

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