Housing costs in Ann Arbor?
A typical home costs
$340,000, which is 0.6% more expensive than the national average of
$338,100 and 55.5% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ann Arbor costs
$1,380 per month, which is 3.5% more than the national average of
$1,430 and 20.3% more than the state average of
$1,100.
Can I afford Ann Arbor?
To live comfortably in Ann Arbor Michi Metro Area, Michigan, a minimum annual income of
$65,160 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Ann Arbor?
The cost of living in the Ann Arbor, MI Metro Area is 4.7% higher than the US average. This increase in cost of living is likely due to the high house median value of $340,000, which is considerably more than the US average of $338,100. Despite this difference in prices, the Ann Arbor area still offers a quality lifestyle and is home to many professionals and families alike.