Housing costs in Ann Arbor?
A typical home costs
$424,900, which is 25.7% more expensive than the national average of
$338,100 and 94.3% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ann Arbor costs
$1,720 per month, which is 56.4% more than the national average of
$1,100 and 19.8% more than the state average of
$1,380.
Can I afford Ann Arbor?
To live comfortably in Ann Arbor (zip 48103), Michigan, a minimum annual income of
$81,360 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Ann Arbor?
The cost of living in 48103 Ann Arbor, MI is relatively high compared to many other cities in the United States. The median home value is around $370,000, while the median rent for a one-bedroom apartment is around $1,400 per month. Groceries and healthcare tend to be more expensive than the national average as well. However, it's possible to find good deals on items like clothing and entertainment if you shop around. If you're looking for an affordable place to live with plenty of job opportunities and cultural attractions, Ann Arbor may be worth considering.