Chelsea, MI
5,426Residents
$72,098Median household income
$1,619/moMedian gross rent
$312,700Median home value
51.2Median age
52%Adults with a bachelor’s degree or higher
63%Homes lived in by their owners
4.3×Home value to household income
Median rent takes about 27% of the median household income in Chelsea.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $65,000 a year. In Michigan that leaves roughly $4,304 a month after tax. See the full paycheck breakdown for $65,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.