Housing costs in Detroit?
A typical home costs
$83,800, which is 75.2% less expensive than the national average of
$338,100 and 61.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,130 per month, which is 2.7% more than the national average of
$1,100 and 8.0% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48214), Michigan, a minimum annual income of
$16,200 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Detroit?
Living in 48214 Detroit, MI can be an affordable option as the cost of living is relatively low compared to other areas. The average cost of housing is $1038/month, which is significantly lower than the national average. Groceries are also reasonably priced, and transportation costs are quite low due to public transportation options like buses and trains in the area. Overall, the cost of living in 48214 Detroit, MI makes it an attractive option for those looking for a more affordable place to live.