Housing costs in Detroit?
A typical home costs
$89,400, which is 73.6% less expensive than the national average of
$338,100 and 59.1% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,120 per month, which is 1.8% more than the national average of
$1,100 and 8.9% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48223), Michigan, a minimum annual income of
$17,280 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Detroit?
equestId:6bdf0a34-7860-4a77-8bfd-4170466acbc5,resource:content,data:[{id:txt_7a67f77dae504c86bb1a95959685472d,text:\n \nThe cost of living in 48223 Detroit, MI is very affordable. According to the BestPlaces Cost of Living Index, the overall cost of living index score for 48223 is 46.14 points, which is much lower than the U.S. average of 100 points. The average rent for a one-bedroom apartment in Detroit is around $770 per month and groceries are generally less expensive than other cities throughout the nation. Additionally, transportation costs are low due to the extensive public transportation network in the city, making it possible to live and work without needing a car. All factors considered, Detroit provides an extremely low cost of living for those looking to move into this vibrant city.