Buchanan, MI
4,223Residents
$56,163Median household income
$903/moMedian gross rent
$154,300Median home value
32.7Median age
13%Adults with a bachelor’s degree or higher
57%Homes lived in by their owners
2.7×Home value to household income
Median rent takes about 19% of the median household income in Buchanan.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $36,000 a year. In Michigan that leaves roughly $2,465 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.