Located in the state of Michigan, Taylor is a moderately-sized city with a population of 61,716 people. The majority of Taylor residents report their race to be White; this is followed by Black and Asian. If you are not a fan of long commutes, you will enjoy living in Taylor. With average one way commute time of only 22 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Taylor, Michigan could be a great experience for anyone who puts in the effort to do the research required. With useful information like amenities, weather, employment, housing and other key data points, finding the best places to live in Taylor and in the areas around Taylor is a much easier task.
With a livability score of 67 out of 100, Taylor is ranked #14,212 in the United States and #325 in Michigan. For each of the livability categories, we see that Taylor ranks very well for amenities (A+), cost of living (B+) and housing (B+). Taylor does not score well for the following: crime (F), weather (D), education (F) and employment (F). It might be a smart idea to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Taylor has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Here are some of the more popular things to do in Taylor: Heritage Park, Lakes of Taylor Golf Club, and Midway Sports & Entertainment.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Taylor has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Taylor meets all of your requirements, the next most important item to examine is the affordability of real estate in Taylor. Everything else becomes a lot less important if it turns out that home prices in Taylor are simply unattainable. Median real estate prices in Taylor come in at $75,600, which is 40.8% lower than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Taylor, the home price to income ratio is 1.8, which is 28% lower than the Michigan average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Taylor were 13.7%, and the 5 year appreciation rates came in at 13.1%.
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