Housing costs in Detroit-Warren-Dearborn?
A typical home costs
$223,500, which is 33.9% less expensive than the national average of
$338,100 and 2.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit-Warren-Dearborn costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 9.8% more than the state average of
$1,100.
Can I afford Detroit-Warren-Dearborn?
To live comfortably in Detroit-Warren-Dearborn Michi Metro Area, Michigan, a minimum annual income of
$42,840 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Detroit-Warren-Dearborn?
The cost of living in the Detroit-Warren-Dearborn, MI Metro Area is 98.2, which is slightly lower than the national average of 100. This means that the cost of goods and services in this area is just below the national average and could be an attractive option for people looking for a more affordable place to live. The median house value in this region is also much lower than the national average at $223,500 compared to $338,100 for the US as a whole. This suggests that even with a lower cost of living, housing costs may still be more affordable than other areas and could provide a great opportunity for people looking to buy or rent in Detroit-Warren-Dearborn.