Ann Arbor, MI Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Ann Arbor, MI in 2024?

Overall, on average, a gross annual salary of $66,080 is required for an average quality of life in Ann Arbor, MI.

Is the Cost of Living High in Ann Arbor, MI?

Ann Arbor, MI is ranked 208th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Ann Arbor, MI's average monthly rent is 20% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Ann Arbor, MI in 2024?

A gross annual salary of $50,000 in Ann Arbor, MI will yield an average annual net salary of $43,757. Considering that the total average annual cost of living in Ann Arbor, MI is $48,777, a gross annual salary of $50,000 will be insufficient to cover average living costs.

How Much Should You Pay for Rent in Ann Arbor, MI?

The average monthly rent in Ann Arbor, MI in the city center is $1,401 for a 1 bedroom apartment, $1,801 for a 2 bedroom apartment and $2,301 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,306 for a 1 bedroom apartment, $1,605 for a 2 bedroom apartment and $1,905 for a 3 bedroom apartment.