Housing costs in Ann Arbor?
A typical home costs
$372,100, which is 10.1% more expensive than the national average of
$338,100 and 70.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ann Arbor costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$1,100.
Can I afford Ann Arbor?
To live comfortably in Ann Arbor (zip 48108), Michigan, a minimum annual income of
$71,280 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Ann Arbor?
The cost of living in 48108 Ann Arbor, MI is slightly higher than the national average in terms of housing costs. The median listing price for a home in this zip code is $335,000, significantly higher than the national median of $245,000. Renters can expect to pay an average of $1,500 for an apartment or house in this area. Prices are likely to go up as Ann Arbor continues to attract more businesses and residents looking for a high quality of life and access to excellent educational opportunities. In addition to housing costs, food prices tend to be slightly higher as well. Despite these higher costs, living in Ann Arbor is still attractive due to the many amenities it provides.