Tower, MI
275Residents
$56,250Median household income
$850/moMedian gross rent
$94,800Median home value
39.4Median age
12%Adults with a bachelor’s degree or higher
66%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 18% of the median household income in Tower.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $34,000 a year. In Michigan that leaves roughly $2,338 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.