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

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

Overall, on average, a gross annual salary of $54,169 is required for an average quality of life in Detroit, MI.

Is the Cost of Living High in Detroit, MI?

Detroit, MI is ranked 62nd 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 cheaper cities in which to live in the U.S. Detroit, MI's average monthly rent is 43% lower than the U.S. average cost of rent.

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

A gross annual salary of $50,000 in Detroit, MI will yield an average annual net salary of $43,757. Considering that the total average annual cost of living in Detroit, MI is $40,643, a gross annual salary of $50,000 will be sufficient to cover average living costs.

How Much Should You Pay for Rent in Detroit, MI?

The average monthly rent in Detroit, MI in the city center is $1,200 for a 1 bedroom apartment, $1,500 for a 2 bedroom apartment and $1,805 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $805 for a 1 bedroom apartment, $1,009 for a 2 bedroom apartment and $1,203 for a 3 bedroom apartment.