Ingham County · Michigan · Midwest · 26k residents
Okemos, MI: economy, jobs & business costs
The site-selection read on Okemos: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,366/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Okemos side by side
Avg. weekly wage
$1,366/wk
Corporate income tax
6%
Bachelor's degree or higher
72.7%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Okemos's economy is moving, ranked against the US cities we track.
34/100
Steady
Ranks Okemos's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $359,200 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,136/mo |
| 2-bedroom rent | $1,425/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,366/wk |
| Bachelor's degree or higher | 72.7% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | 24.6/1k |
| Wage: Software developer | $97,120 |
| Wage: Registered nurse | $84,320 |
| Wage: General manager | $119,140 |
| Wage: Customer service | $44,250 |
| Wage: Warehouse worker | $34,930 |
| Wage: Heavy truck driver | $56,710 |
| Wage: Electrician | $80,480 |
| Wage: Retail salesperson | $33,840 |
| Cost of living index | 96 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $102,612 |
| Unemployment rate | 4.1% |
| Population | 26k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | 87/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 83°F |
| January low | 18°F |
| Annual snowfall | 36 in |
| Home price YoY | +1.6% |
| Home price MoM | -0.1% |
| Rent YoY | — |
| Rent MoM | +1.5% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | — |
| Ocean coast | 562 mi |
| Big lake | 66 mi |
| Mountains | 378 mi |
| Major airport | 56 mi |
| Ski resort | 147 mi |
Popular comparisons
Nearby
- Haslett, MI · 19k
- East Lansing, MI · 46k
- Lansing, MI · 113k
- Holt, MI · 25k
- Waverly, MI · 24k
Similar size
- Allendale, MI · 27k
- Garden City, MI · 27k
- Inkster, MI · 25k
- Walker, MI · 25k
- Auburn Hills, MI · 25k
Real listings in Okemos
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Okemos a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,366/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Okemos, MI?
- Okemos indexes at 96 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,425/mo and a acs median home value of $359,200.
- How much does a house cost in Okemos?
- The acs median home value in Okemos is $359,200 (Census ACS estimate; individual listings vary).
- How much is rent in Okemos?
- A two-bedroom in Okemos rents for about $1,425/mo.