Housing costs in Ann Arbor?
A typical home costs
$455,500, which is 34.7% more expensive than the national average of
$338,100 and 108.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ann Arbor costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and 32.5% more than the state average of
$1,100.
Can I afford Ann Arbor?
To live comfortably in Ann Arbor, Michigan, a minimum annual income of
$87,120 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Ann Arbor?
The cost of living in Ann Arbor, MI is 110.7, which is 10.7% higher than the US average of 100. This high cost of living is likely due to its high house median value of $455,500, which is 35% more than the US average of $338,100. As such, it is no surprise that Ann Arbor has a much higher cost of living than the national average.