Housing costs in Detroit?
A typical home costs
$54,300, which is 83.9% less expensive than the national average of
$338,100 and 75.2% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,010 per month, which is 8.2% cheaper than the national average of
$1,100 and 20.8% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48211), Michigan, a minimum annual income of
$10,440 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Detroit?
The cost of living in 48211 Detroit, MI is significantly lower than the national average. Residents can expect to pay around 11% less for groceries, 8.7% less for health care, and 11.3% less for housing on average. This makes the area attractive to potential residents looking for affordable living expenses. In addition, transportation costs are also low due to the abundance of public transportation options available in the city. All of these factors contribute to a low cost of living that makes 48211 Detroit, MI an attractive place to live for many people.