Housing costs in Detroit?
A typical home costs
$64,400, which is 81.0% less expensive than the national average of
$338,100 and 70.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$970 per month, which is 11.8% cheaper than the national average of
$1,100 and 25.8% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48203), Michigan, a minimum annual income of
$12,240 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Detroit?
The cost of living in 48203 Detroit, MI is quite affordable compared to other cities in the US. According to BestPlaces, a cost-of-living index of 81.89 indicates that living expenses in this area are 18.11% lower than the national average. Rent for a one-bedroom apartment can range from $500-$900 per month depending on location, while groceries and dining out are also relatively inexpensive. Detroit is an up and coming city with many opportunities for renters looking for an affordable place to live.