Housing costs in Detroit?
A typical home costs
$167,600, which is 50.4% less expensive than the national average of
$338,100 and 23.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Detroit costs
$1,170 per month, which is 6.4% more than the national average of
$1,100 and 4.3% cheaper than the state average of
$1,220.
Can I afford Detroit?
To live comfortably in Detroit (zip 48243), Michigan, a minimum annual income of
$32,040 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Detroit?
The cost of living in 48243 Detroit, MI is slightly higher than the national average. According to BestPlaces, goods and services in the area are roughly 11% more expensive than they would be for an average American city. Rent is also significantly higher, with a one-bedroom costing around $945 compared to the national median of $821. Groceries and transportation are among the most expensive aspects of living in 48243 Detroit, MI, with both coming in at around 28% higher than the national average. The overall cost of living may be difficult for those on a tight budget, but residents typically benefit from lower taxes and other associated costs that come with living in Michigan.