Is it expensive to live in Detroit, Michigan? When calculating the cost of living in Detroit, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Detroit, Michigan is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Detroit is $32,498 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.
The sales tax rate in Detroit, Michigan is 6.0%. Last year, the average property taxes paid was 2.6% Detroit, Michigan.
The state income tax in the state of Michigan is 4.25%.
In Detroit, Michigan, 48.0% of the population owns their homes, while approximately 52.0% rent. The average cost of a single-family home in Detroit, Michigan in 2022 is $115,118 which is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $882 per month.
Rental Size | Monthly Cost | Compared to Michigan |
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1 Bedroom | $882 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
2 Bedroom | $1,123 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
3 Bedroom | $1,403 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
4 Bedroom | $1,511 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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