Quick facts: Wyandotte, MI

Quick Facts

94.9
Cost of Living
below US average
24,503
Population
11.18
Crime Rate per 1000
below US average
$62,111
Median Income
below US average
$179,900
Median House Price
above US average
$1365.16
Average Rent
below US average
10%
Poverty Rate
below US average
4.2%
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 $62,111.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,111) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$59k/year
Based on $1365.16/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($62,111) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wyandotte, MI

Wyandotte is a charming city located in Wayne County, Michigan, situated along the Detroit River. With a rich history dating back to its founding in the early 19th century, Wyandotte has evolved into a vibrant community known for its scenic waterfront, historic architecture, and a strong sense of local pride. The city boasts a population of approximately 25,000 residents who enjoy a mix of urban amenities and small-town charm. Wyandotte's downtown area features a variety of shops, restaurants, and entertainment options, making it a popular destination for both locals and visitors. The city's annual events, such as the Wyandotte Street Art Fair and the Christmas Parade, draw crowds and foster community spirit. Outdoor enthusiasts appreciate Wyandotte's parks and recreational facilities, including waterfront parks that offer stunning views of the river. The nearby Detroit River also provides opportunities for boating and fishing. Wyandotte's convenient location gives residents easy access to nearby metropolitan areas, including Detroit, while still offering a distinct community feel. With its historical significance and modern attractions, Wyandotte is a delightful place to live, work, and visit.

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