Quick facts: Trenton, MI

Quick Facts

94.9
Cost of Living
below US average
18,202
Population
6.87
Crime Rate per 1000
below US average
$74,267
Median Income
below US average
$234,800
Median House Price
above US average
$1741.91
Average Rent
above US average
9%
Poverty Rate
below US average
4.1%
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 $74,267.

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Income Needed to Buy

βœ“ Affordable
$74k/year
Based on $234,800 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($74,267) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1741.91/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $74,267
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Trenton, MI

Trenton, Michigan, located in Wayne County, is a small city situated along the banks of the Detroit River. Known for its friendly community and suburban feel, Trenton is part of the larger Detroit metropolitan area, providing residents with access to the cultural and economic opportunities of the city while maintaining a quieter, small-town atmosphere. The city boasts a rich industrial history, with various manufacturing facilities contributing to its growth in the early 20th century. Today, Trenton features a mix of residential neighborhoods, parks, and waterfront activities. One of the highlights is the Trenton City Marina, which offers boating and fishing opportunities along the river. Trenton's downtown area includes local shops and eateries, fostering a sense of community among residents. The city's annual events, such as the Trenton Summer Festival, draw crowds and encourage local engagement. With its parks and recreational facilities, such as Elizabeth Park, Trenton is perfect for families and outdoor enthusiasts alike. Overall, Trenton offers a blend of history, community spirit, and proximity to Detroit, making it an attractive place to live and visit.

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