Zip 48085 (Troy, MI) Cost of Living


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How much do I need to live in Troy, Michigan?
$6,120 / month
for a family, 13.3% more expensive than the national average A total of $73,440 for the year for a family.
$4,667 / month
for a single person, 2.1% less expensive than the national average A total of $56,000 for the year for a single person.

Troy cost of living score
104.9
More expensive
4.9% higher
than the US average
14.6% higher
than the Michigan average
Troy (zip 48085), Michigan gets a BestPlaces Cost of Living score of 104.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.9% higher than the U.S. average and 14.6% higher than the average for Michigan.

Zip 48085 (Troy, MI)

Housing costs in Troy?
A typical home costs $382,600, which is 13.2% more expensive than the national average of $338,100 and 74.9% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Troy costs $1,780 per month, which is 61.8% more than the national average of $1,100 and 31.5% more than the state average of $1,220.

Can I afford Troy?
To live comfortably in Troy (zip 48085), Michigan, a minimum annual income of $73,440 for a family, and $56,000 for a single person is recommended.

What does A.I. say about Troy?
The cost of living in Troy, MI is relatively low compared to other cities in the US. The median home value is $289,900 and the median rent is $1,515 per month. In addition, groceries, healthcare, transportation costs, and utilities are all lower than the national averages. Property taxes are also among some of the lowest in the state. This makes it a great place to raise a family or retire on a budget while still enjoying the same amenities as larger cities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTroyMichiganUnited States
  104.991.5100.0
  100.393.4100
  79.984.8100.0
  124.271.2100.0
  $382,600$218,700$338,100
  98100.1100
  118.5115.1100.0
  125.095.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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