Housing costs in Detroit?
A typical home costs
$86,500, which is 74.4% less expensive than the national average of
$338,100 and 60.4% 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 48219), Michigan, a minimum annual income of
$16,560 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Detroit?
The cost of living in 48219 Detroit, MI is slightly higher than the national average. Housing prices and rents are more expensive than the rest of the country, yet they are still very affordable compared to other major cities. Groceries and utilities are also slightly more expensive, although the difference is not as noticeable as with housing. All in all, Detroit is still very much an affordable city to live in, especially for those who wish to take advantage of all the great things this unique city has to offer.