Page 16 - State of the Region Report 2020
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16 State of the Lansing Region, 2020
Average Wages
Average wages in the Lansing region were $50,430 in 2018.
At that level, they are among the lowest average wages of
the peer regions. Average wages continue to increase, how-
ever, growing by 10.7% from the $45,549 average of 2014.
Image courtesy of LEAP
Rental Costs
Housing Costs
Median housing values have improved since the end of the Great
Recession, increasing in every year from 2014 to 2018. However, the 12
Lansing region still has the lowest median housing value among the 9.0%
peer regions at about $154K. ÁÂ
Similarly, rental costs increased between 2014 and 2018 in all peer re-
gions, including the Lansing region. The Lansing region had the lowest Measures the increase in
increase in median gross rent, which includes contract rent plus the median gross rent between 13.9%
monthly cost of utilities. In 2018, median gross rent was $844 in the 2014 and 2018.
Lansing area. Source: U.S. Census Bureau, American Community Survey
