CostByCity

Cost of Living in Detroit, MI

2024 data from the Bureau of Economic Analysis

Cost Index
100.3
0.3% above avg
Housing Index
94.7
Median Income
$72,456
Median Rent
$1,112/mo

Cost Breakdown

Overall100.3 (+0.3%)
Housing94.7 (-5.3%)
Goods98.8 (-1.2%)
Utilities107.0 (+7.0%)
Other Services102.6 (+2.6%)

National average = 100

Income & Housing

Median Household Income
$72,456/year
Median Home Value
$223,800
Median Monthly Rent
$1,112/mo
Per Capita Income
$40,536/year

Compare Detroit, MI With

Detroit, MI vs Flagstaff, AZDetroit, MI vs Spokane, WADetroit, MI vs Ogden, UTDetroit, MI vs Amherst Town, MADetroit, MI vs Port St. Lucie, FLDetroit, MI vs Las Vegas, NVDetroit, MI vs Greeley, CODetroit, MI vs Norwich, CTDetroit, MI vs Kennewick, WADetroit, MI vs Punta Gorda, FL

Frequently Asked Questions

Is Detroit, MI expensive to live in?
Detroit, MI has a cost of living index of 100.3, which is 0.3% above the national average.
How much does housing cost in Detroit, MI?
Housing costs in Detroit, MI are indexed at 94.7 compared to the national average of 100. The median monthly rent is $1,112.
What is the average income in Detroit, MI?
The median household income in Detroit, MI is $72,456 per year.
What is the average home price in Detroit, MI?
The median home value in Detroit, MI is $223,800.