Housing costs in Detroit?
A typical home costs
$57,700, which is 82.9% less expensive than the national average of
$338,100 and 73.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,040 per month, which is 5.5% cheaper than the national average of
$1,100 and 17.3% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48228), Michigan, a minimum annual income of
$11,160 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Detroit?
Living in 48228 Detroit, MI can be quite affordable. According to Zillow, the median home value is $64,200, with rent prices ranging from $600 to around $1,000 for a two-bedroom apartment. Additionally, the cost of living in Detroit is 11% lower than the national average and groceries are 7% cheaper than the average U.S. city. Although there are some areas that may be more expensive to live in, 48228 Detroit offers plenty of budget-friendly options for those looking to settle down in the area.