Cost of Living in Ann Arbor, MI
2024 data from the Bureau of Economic Analysis
Cost Index
100.9
0.9% above avg
Housing Index
125.3
Median Income
$84,245
Median Rent
$1,335/mo
Cost Breakdown
Overall100.9 (+0.9%)
Housing125.3 (+25.3%)
Goods93.7 (-6.3%)
Utilities98.2 (-1.8%)
Other Services99.6 (-0.4%)
National average = 100
Income & Housing
Median Household Income
$84,245/year
Median Home Value
$336,300
Median Monthly Rent
$1,335/mo
Per Capita Income
$49,568/year
Compare Ann Arbor, MI With
Ann Arbor, MI vs Bakersfield, CAAnn Arbor, MI vs Tampa, FLAnn Arbor, MI vs Salt Lake City, UTAnn Arbor, MI vs Burlington, VTAnn Arbor, MI vs Charleston, SCAnn Arbor, MI vs Lexington Park, MDAnn Arbor, MI vs Reno, NVAnn Arbor, MI vs Kingston, NYAnn Arbor, MI vs Colorado Springs, COAnn Arbor, MI vs Redding, CA
Frequently Asked Questions
Is Ann Arbor, MI expensive to live in?
Ann Arbor, MI has a cost of living index of 100.9, which is 0.9% above the national average.
How much does housing cost in Ann Arbor, MI?
Housing costs in Ann Arbor, MI are indexed at 125.3 compared to the national average of 100. The median monthly rent is $1,335.
What is the average income in Ann Arbor, MI?
The median household income in Ann Arbor, MI is $84,245 per year.
What is the average home price in Ann Arbor, MI?
The median home value in Ann Arbor, MI is $336,300.