Discretionary Income in Detroit, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Detroit, MI is ranked 78th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Detroit, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$3,387
Discretionary Income
$3,404
With a gross annual salary of $100,000 in Detroit, MI, you would need to deduct approximately $1,543 per month for taxes. Given that the average cost of living in Detroit is $3,387, you would have around $3,404 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Detroit, MI, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Detroit, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Detroit, MI |
|---|---|
| $30,000 | -$1,136 |
| $40,000 | -$438 |
| $50,000 | $260 |
| $60,000 | $946 |
| $70,000 | $1,560 |
| $80,000 | $2,175 |
| $90,000 | $2,789 |
| $100,000 | $3,404 |
| $110,000 | $4,017 |
| $120,000 | $4,615 |
| $130,000 | $5,213 |
| $140,000 | $5,811 |
| $150,000 | $6,409 |
| $175,000 | $7,904 |
| $200,000 | $9,371 |
| $250,000 | $12,015 |
| $300,000 | $14,547 |
| $350,000 | $17,078 |
| $400,000 | $19,609 |
| $450,000 | $22,140 |
| $500,000 | $24,672 |
Discretionary Income in Detroit, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Detroit, MI is ranked 107th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Detroit, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$2,293
Discretionary Income
$4,498
With a gross annual salary of $100,000 in Detroit, MI, a single person would need to deduct approximately $1,543 per month for taxes. Considering the average cost of living in Detroit is $2,293, singles would have around $4,498 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Detroit, MI, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Detroit, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Detroit, MI |
|---|---|
| $30,000 | -$43 |
| $40,000 | $655 |
| $50,000 | $1,353 |
| $60,000 | $2,039 |
| $70,000 | $2,654 |
| $80,000 | $3,269 |
| $90,000 | $3,883 |
| $100,000 | $4,498 |
| $110,000 | $5,111 |
| $120,000 | $5,709 |
| $130,000 | $6,307 |
| $140,000 | $6,905 |
| $150,000 | $7,503 |
| $175,000 | $8,997 |
| $200,000 | $10,465 |
| $250,000 | $13,109 |
| $300,000 | $15,640 |
| $350,000 | $18,172 |
| $400,000 | $20,703 |
| $450,000 | $23,234 |
| $500,000 | $25,765 |
Discretionary Income in Detroit, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Detroit, MI is ranked 93rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Detroit, MI
Gross Salary
$8,333
Taxes
$1,543
Cost of Living
$3,411
Discretionary Income
$3,379
With a gross annual salary of $100,000 in Detroit, MI, a couple would need to deduct approximately $1,543 per month for taxes. Considering the average cost of living in Detroit is $3,411, couples would have around $3,379 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Detroit, MI, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Detroit, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Detroit, MI |
|---|---|
| $30,000 | -$1,161 |
| $40,000 | -$463 |
| $50,000 | $235 |
| $60,000 | $921 |
| $70,000 | $1,536 |
| $80,000 | $2,150 |
| $90,000 | $2,765 |
| $100,000 | $3,379 |
| $110,000 | $3,993 |
| $120,000 | $4,591 |
| $130,000 | $5,189 |
| $140,000 | $5,786 |
| $150,000 | $6,384 |
| $175,000 | $7,879 |
| $200,000 | $9,347 |
| $250,000 | $11,991 |
| $300,000 | $14,522 |
| $350,000 | $17,053 |
| $400,000 | $19,519 |
| $450,000 | $21,967 |
| $500,000 | $24,415 |
Discretionary Income in Detroit, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Detroit, MI is ranked 77th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Detroit, MI
Gross Salary
$8,333
Taxes
$1,281
Cost of Living
$3,260
Discretionary Income
$3,792
With a gross annual salary of $100,000 in Detroit, MI, a single parent would need to deduct approximately $1,281 per month for taxes. Considering the average cost of living in Detroit is $3,260, single parents would have around $3,792 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Detroit, MI, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Detroit, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Detroit, MI |
|---|---|
| $30,000 | -$943 |
| $40,000 | -$234 |
| $50,000 | $464 |
| $60,000 | $1,161 |
| $70,000 | $1,859 |
| $80,000 | $2,557 |
| $90,000 | $3,177 |
| $100,000 | $3,792 |
| $110,000 | $4,406 |
| $120,000 | $5,015 |
| $130,000 | $5,613 |
| $140,000 | $6,210 |
| $150,000 | $6,808 |
| $175,000 | $8,303 |
| $200,000 | $9,798 |
| $250,000 | $12,474 |
| $300,000 | $15,010 |
| $350,000 | $17,541 |
| $400,000 | $20,072 |
| $450,000 | $22,604 |
| $500,000 | $25,135 |
Discretionary Income in Detroit, MI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Detroit, MI is ranked 65th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Detroit, MI
Gross Salary
$8,333
Taxes
$1,041
Cost of Living
$4,583
Discretionary Income
$2,710
With a gross annual salary of $100,000 in Detroit, MI, a family would need to deduct approximately $1,041 per month for taxes. Considering the average cost of living in Detroit is $4,583, families would have around $2,710 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Detroit, MI, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Detroit, MI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Detroit, MI |
|---|---|
| $30,000 | -$2,208 |
| $40,000 | -$1,494 |
| $50,000 | -$780 |
| $60,000 | -$82 |
| $70,000 | $616 |
| $80,000 | $1,314 |
| $90,000 | $2,012 |
| $100,000 | $2,710 |
| $110,000 | $3,408 |
| $120,000 | $4,082 |
| $130,000 | $4,697 |
| $140,000 | $5,311 |
| $150,000 | $5,926 |
| $175,000 | $7,462 |
| $200,000 | $8,999 |
| $250,000 | $12,019 |
| $300,000 | $15,009 |
| $350,000 | $17,998 |
| $400,000 | $20,934 |
| $450,000 | $23,590 |
| $500,000 | $26,222 |