Housing costs in Dearborn?
A typical home costs
$250,700, which is 25.9% less expensive than the national average of
$338,100 and 14.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Dearborn costs
$1,770 per month, which is 60.9% more than the national average of
$1,100 and 31.1% more than the state average of
$1,220.
Can I afford Dearborn?
To live comfortably in Dearborn (zip 48128), Michigan, a minimum annual income of
$47,880 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Dearborn?
The cost of living in 48128 Dearborn, MI is relatively low compared to the national average. The median home value in this zip code is around $145,000, which is well below the nationwide median. The median household income is approximately $36,500 per year, and the mean rent is just over $800 per month. Despite being a moderately-sized city with plenty of amenities, the cost of living in Dearborn remains lower than the state and national averages. This makes it an attractive option for individuals or families looking for a more affordable place to live.