Taylor, MI
Population 62,405 · Michigan
About Taylor, MI
Taylor is a mid-sized city located in Michigan with a population of 62,405 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,537 per year, which is 21% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Taylor features a median home value of $141,200, which is 42% below the national median of $244,900. This makes Taylor one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,036, 11% below the national average of $1,163/month. Of the 26,741 total housing units, 66% are owner-occupied (16,630 units) and 34% are renter-occupied (8,626 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Taylor shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.7%, above the national average of 12.4%. Workers in Taylor have an average one-way commute time of 21.9 minutes.
Education & Demographics
15.8% of Taylor residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.5% White, 1.2% Hispanic or Latino, 1.7% Black or African American, and 1.0% Asian residents, with 6.7% of the population being foreign-born.
How Taylor Ranks in Michigan
Cost of Living in Taylor, MI
Compared to national averages, Taylor has a median household income of $59,537 (21% below the national median of $75,149). Home values average $141,200, which is 42% below the national median. Monthly rent at $1,036 is 11% below the US average of $1,163. Within Michigan, Taylor's income is 10% below the state average of $66,017, and home values are 23% below the state median of $183,391.
Why Live in Taylor, MI?
Taylor offers affordable housing with a median home value of $141,200, below the US average of $244,900, and rent that’s lower than the national average at $1,036/month, and short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($59,537) that falls below the national average. However, as a mid-sized city, Taylor provides access to a wide range of amenities and services.
Taylor has a population of 62,405 with a median age of 38.3 years. Compare Taylor with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Taylor
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dearborn Heights | 62,099 | $61,035 | $174,900 | Compare |
| Pontiac | 61,914 | $42,791 | $110,600 | Compare |
| Novi | 66,224 | $110,938 | $399,100 | Compare |
| St. Clair Shores | 58,287 | $72,693 | $196,400 | Compare |
| Royal Oak | 57,880 | $95,182 | $305,900 | Compare |
| Kentwood | 54,114 | $73,647 | $249,000 | Compare |
| Battle Creek | 52,392 | $51,699 | $127,600 | Compare |
| Kalamazoo | 73,132 | $48,965 | $164,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Taylor With Other Cities
Frequently Asked Questions about Taylor
What is the population of Taylor, MI?
The population of Taylor, MI is 62,405 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Michigan.
What is the median household income in Taylor?
The median household income in Taylor, MI is $59,537 per year, which is 21% below the national median of $75,149.
What is the median home value in Taylor?
The median home value in Taylor, MI is $141,200, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Taylor?
The median monthly rent in Taylor, MI is $1,036, which is 11% below the national average of $1,163/month.
What is the unemployment rate in Taylor?
The unemployment rate in Taylor, MI is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Taylor, MI a good place to live?
Taylor offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 62,405 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Taylor, MI?
15.8% of residents in Taylor aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Taylor?
Key cost-of-living indicators for Taylor, MI: median home value is $141,200 (42% below national), median rent is $1,036/month, and median household income is $59,537. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Taylor?
The poverty rate in Taylor, MI is 16.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Taylor, MI?
Taylor's population is 5.5% White, 1.2% Hispanic or Latino, 1.7% Black or African American, 1.0% Asian, and 19.5% two or more races. 6.7% of residents are foreign-born.