Housing costs in Detroit?
A typical home costs
$71,600, which is 78.8% less expensive than the national average of
$338,100 and 67.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Detroit?
To live comfortably in Detroit, Michigan, a minimum annual income of
$13,680 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Detroit?
Detroit, Michigan boasts a surprisingly low cost-of-living that makes it an attractive option for anyone looking for value for their money. From reasonably priced single-family homes to inexpensive apartment rentals - Detroit offers plenty of ways to stay within your budget. Furthermore, groceries and transportation expenses remain quite reasonable compared with other parts of the country - making it a great city if you're trying to save money without sacrificing quality or experiences.