Housing costs in Dearborn?
A typical home costs
$203,700, which is 39.8% less expensive than the national average of
$338,100 and 6.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Dearborn costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 17.9% more than the state average of
$1,100.
Can I afford Dearborn?
To live comfortably in Dearborn, Michigan, a minimum annual income of
$38,880 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Dearborn?
Dearborn gives you with an attractive option for cost-effective living placed somewhere within Michigan's Wayne County boasting median housing values arriving around $126K and renting often lands near by approximately half that amount as standard - greatly cheaper compared to other nearby locations like Detroit or Royal Oak located much further southwestward. Groceries similarly stay completely equal with United States averages thanks largely to local taxes & regulations while sales tax amounts out unaltered at no less than 6%.