Zip 48205 (Detroit, MI) Cost of Living


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Detroit cost of living score
91.8
Less expensive
8.2% lower
than the US average
0.3% higher
than the Michigan average
Detroit (zip 48205), Michigan gets a BestPlaces Cost of Living score of 91.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.2% lower than the U.S. average and 0.3% lower than the average for Michigan.

Zip 48205 (Detroit, MI)

Housing costs in Detroit?
A typical home costs $53,800, which is 84.1% less expensive than the national average of $338,100 and 75.4% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Detroit costs $1,150 per month, which is 4.5% more than the national average of $1,100 and 6.1% cheaper than the state average of $1,220.

Can I afford Detroit?
To live comfortably in Detroit (zip 48205), Michigan, a minimum annual income of $10,440 for a family, and $36,000 for a single person is recommended.

What does A.I. say about Detroit?
The cost of living in 48205 Detroit, MI is quite affordable. The median home cost in the area is $33,300, which is significantly lower than the U.S. median of $227,025. Additionally, the cost of groceries and other necessities are relatively low compared to other parts of the country. Renting a one-bedroom apartment averages around $735 per month while utilities typically run around $150 per month. The overall cost of living in this zip code is much more affordable than many other places in the U.S., making it an attractive option for those looking to relocate to the area on a budget.
   Cost of living score
     CategoriesDetroitMichiganUnited States
  91.891.5100.0
  87.593.4100
  81.884.8100.0
  13.271.2100.0
  $53,800$218,700$338,100
  91.0%100.1%100.0%
  170.3115.1100.0
  114.895.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime