Quick facts: Macomb, MI

Quick Facts

94.9
Cost of Living
below US average
90,758
Population
21.24
Crime Rate per 1000
below US average
$73,876
Median Income
below US average
$378,091
Median House Price
above US average
$2574.74
Average Rent
above US average
8%
Poverty Rate
below US average
4.9%
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 $73,876.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $378,091 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $73,876
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Income Needed to Rent

⚠ Stretch
$110k/year
Based on $2574.74/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $110k vs median $73,876
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Macomb, MI

Macomb, Michigan, is a vibrant township located in Macomb County, offering a mix of suburban charm and access to urban amenities. With a population of approximately 90,000, it's one of the fastest-growing areas in the region. The township is known for its family-friendly atmosphere, excellent schools, and numerous parks, making it an attractive place for residents. Macomb features a variety of shopping and dining options, including local boutiques and popular chain stores. The town is also home to several community events throughout the year, fostering a strong sense of community. Outdoor enthusiasts can enjoy parks like Macomb Township Parks and the scenic trails at the Macomb Orchard Trail, perfect for biking and walking. Conveniently located, Macomb provides easy access to major highways and is approximately 30 miles north of Detroit, allowing residents to enjoy the benefits of big-city life while maintaining a quieter suburban lifestyle. Overall, Macomb is a dynamic community that caters to diverse needs and preferences, making it a desirable place to live in Michigan.

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