Housing costs in Detroit?
A typical home costs
$118,700, which is 64.9% less expensive than the national average of
$338,100 and 44.5% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Detroit costs
$670 per month, which is 53.1% cheaper than the national average of
$1,430 and 40.3% cheaper than the state average of
$940.
Can I afford Detroit?
To live comfortably in Detroit, Alabama, a minimum annual income of
$22,680 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Detroit?
Detroit, AL is a great place to live because it offers a low cost of living compared to other cities. The median home value in Detroit is $96,200, which is significantly lower than the US average of $184,700. Additionally, Detroit residents spend an average of 21.1% of their total income on housing expenses including rent and mortgage payments, making Detroit one of the most affordable cities in Alabama. The average cost of utilities such as electricity and gas are also lower than the national average. In terms of food costs, groceries are very affordable with an average grocery bill for a family of four estimated at around $171 per month. With its relatively low cost of living, Detroit is a great place to settle down and start a family or even just enjoy life without breaking the bank.