Housing costs in Detroit?
A typical home costs
$68,100, which is 79.9% less expensive than the national average of
$338,100 and 71.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Detroit costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 61.5% cheaper than the state average of
$1,260.
Can I afford Detroit?
To live comfortably in Detroit, Illinois, a minimum annual income of
$12,960 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Detroit?
The cost of living in Detroit, IL is relatively low compared to other major cities in the United States. For example, the median housing cost for a single family home is about $73,000, which is significantly lower than many other cities throughout the country. Additionally, goods and services are generally at lower prices than in other states. This makes Detroit an attractive place for those looking to move to an area with a relatively low cost of living.