Niles, MI at a glance
Median household income
$51,376$4,281 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Niles, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Niles, MI? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Niles, MI MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $816 | $9,792 | $32,640 | 19.1% |
| 1-Bedroom Apartment | $902 | $10,824 | $36,080 | 21.1% |
| 2-Bedroom ApartmentBenchmark | $1,184 | $14,208 | $47,360 | 27.7% |
| 3-Bedroom Home | $1,556 | $18,672 | $62,240 | 36.3% |
| 4-Bedroom Home | $1,568 | $18,816 | $62,720 | 36.6% |
What a typical income covers in Niles, MI
The 50/30/20 rule applied to the local median of $51,376 a year ($4,281 a month before tax).
What $51,376 leaves after Michigan taxes
Federal income tax, Social Security, Medicare and Michigan tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Michigan
Living in Niles, MI: common questions
What is the median household income in Niles, MI?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Niles, MI is $51,376 per year (approximately $4,281 per month).
What is the average rent in Niles, MI?
The closest official figure is HUD's Fair Market Rent for 2026: $816 for a studio, $902 for one bedroom, $1,184 for two, $1,556 for three and $1,568 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Niles, MI expensive to live in?
Prices there run 7.6% below the U.S. average. BEA's regional price parity for the metro area is 92.4, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Niles, MI?
To keep a $1,184 two-bedroom under 30% of gross income, a household needs about $47,360 a year, or $3,947 a month. That is 92% of what the typical household in Niles, MI earns.
How much do you need to live comfortably in Niles, MI?
On the local median income of $51,376 ($4,281 a month before tax), the 50/30/20 rule leaves $2,141 a month for needs like rent, utilities and groceries, $1,284 for everything else and $856 for savings or debt. A two-bedroom at $1,184 takes 55% of the needs share.
How much is the electric bill in Niles, MI?
Homes in Michigan paid 23¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $207. Your bill depends mostly on heating and cooling.