Housing costs in Detroit?
A typical home costs
$80,000, which is 76.3% less expensive than the national average of
$338,100 and 63.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,120 per month, which is 1.8% more than the national average of
$1,100 and 8.9% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48224), Michigan, a minimum annual income of
$15,480 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Detroit?
Living in 48224 Detroit, MI can be quite affordable due to the lower cost of living compared to other cities. All basic needs such as groceries, transportation, and housing are available at a much lower price than most other places. For example, the average cost of a one-bedroom apartment is around $800 a month, making it an ideal location for those looking for affordable living expenses. Additionally, the prices of food and transportation are significantly cheaper than in other cities. This makes 48224 Detroit an attractive option for those looking to keep their living costs low but still have plenty of amenities nearby.