|
According to the Council for Community and Economic Research (C2ER), the Detroit region's cost of living is only 102.6. Compared with other major metropolitan areas throughout the United States, the Detroit region is a very affordable place to live.
Since the late 1990s, a renaissance of new housing has started in the Detroit region. From lofts in the Cultural Center, to townhouses near Comerica Park, to single-family residences along the Detroit River, the Detroit region offers a variety of high demand housing at affordable prices.
Cost of Living Index for Select Metro Areas, 2010 - All Items
| Memphis, TN | 85.9 | Dayton, OH | 93.1 | Buffalo, NY | 98.6 | | Kalamazoo, MI | 87.3 | Charlotte, NC | 93.3 | Farmington, NM | 99 | | Springfield, IL | 88.1 | Cincinnati, OH | 93.3 | Milwaukee, WI | 99.3 | | Thomasville-Lexington, NC | 88.9 | Midland, TX | 93.3 | Grand Junction, CO | 99.6 | | Tupelo, MS | 89.3 | Lima, OH | 93.6 | Sarasota, FL | 99.9 | | Knoxville, TN | 89.3 | Baton Rouge, LA | 93.6 | Akron, OH | 99.9 | | Omaha, NE | 89.4 | Detroit, MI | 93.7 | Cleveland, OH | 101.4 | | Corpus Christi, TX | 89.6 | Raleigh, NC | 93.8 | Denver, CO | 105 | | Houston, TX | 89.8 | Jacksonville, FL | 93.9 | Wilmington, DE | 109 | | Tulsa, OK | 90 | Reno-Sparks, NV | 94 | Minneapolis, MN | 110.6 | | Columbus, OH | 90.3 | Chattanooga, TN | 94.1 | Ft. Lauderdale, FL | 111 | | Oklahoma City, OK | 90.5 | Charleston, WV | 94.2 | Riverside City, CA | 112.4 | | Florence, AL | 91 | Albuquerque, NM | 94.6 | Flagstaff, AZ | 113.3 | | St. Louis, MO | 91.1 | Pittsburgh, PA | 94.8 | Portland, OR | 113.6 | | Winston-Salem, NC | 91.2 | Tucson, AZ | 95 | Chicago, IL | 114.7 | | Des Moines, IA | 91.2 | Carlsbad, NM | 95.2 | Seattle, WA | 117.1 | | Stillwater, OK | 91.5 | Columbia, SC | 95.5 | Baltimore, MD | 119.1 | | Savannah, GA | 91.6 | Fort Wayne | 95.6 | Hartford, CT | 123.8 | | Louisville, KY | 91.7 | St. Cloud, MN | 95.6 | Philadelphia, PA | 125 | | Tampa, FL | 91.8 | Little Rock, AR | 95.7 | New Haven, CT | 127.8 | | Lexington, KY | 91.9 | Erie, PA | 96.2 | Anchorage, AK | 130.6 | | Enid, OK | 91.9 | Dallas, TX | 96.2 | San Diego, CA | 130.6 | | Mobile, AL | 92 | Phoenix, AZ | 96.5 | Oakland, CA | 136 | | Twin Falls, ID | 92.3 | Champaign-Urbana, IL | 97 | Fairbanks, AK | 137 | | South Bend, IN | 92.4 | Montgomery, AL | 97.3 | Boston, MA | 137.3 | | Albany, GA | 92.5 | Orlando, FL | 97.3 | Washington DC | 143.3 | | Durham, NC | 92.6 | Atlanta, GA | 97.3 | San Jose, CA | 150.3 | | Austin, TX | 92.7 | Layfayette, LA | 97.9 | San Francisco, CA | 162.7 | | Peoria, IL | 92.9 | Las Cruces, NM | 98.5 | Honolulu, HI | 167.8 | | Amarillo, TX | 93 | Rochester, NY | 98.6 | Manhattan, NY | 218.8 |
Source: C2ER Cost of Living Index.
The recent down turn of the housing market make regional Detroit housing very affordable.
| | GENESEE COUNTY | $108,284 | $515 | | Flint | $66,263 | $487 | | LAPEER COUNTY | $135,902 | $555 | | LENAWEE COUNTY | $130,134 | $577 | | Adrian | $90,929 | $554 | | LIVINGSTON COUNTY | $211,281 | $745 | | Howell | $95,684 | $375 | | MACOMB COUNTY | $154,819 | $658 | | Mount Clemens | $104,609 | $503 | | MONROE COUNTY | $153,310 | $564 | | Monroe | $139,615 | $569 | | OAKLAND COUNTY | $201,582 | $878 | | Pontiac | $66,545 | $592 | | Royal Oak | $52,172 | $659 | | ST. CLAIR | $138,160 | $586 | | Port Huron | $86,322 | $518 | | WASHTENAW COUNTY | $205,578 | $770 | | WAYNE COUNTY | $106,568 | $564 | | Detroit | $51,344 | $481 |
Source: Editor & Publisher.
| 2009 | $173,200 | $240,700 | $142,500 | $154,600 | $224,200 | | 2008 | $196,600 | $271,500 | $150,500 | $169,400 | $276,100 | | 2007 | $217,900 | $288,100 | $161,400 | $178,800 | $342,500 | | 2006 | $221,900 | $271,900 | $167,800 | $183,700 | $342,700 | | 2005 | $219,000 | $281,600 | $168,300 | $181,100 | $340,300 | | 2004 | $184,100 | $220,000 | $149,000 | $169,000 | $265,800 | | 2003 | $170,000 | $190,500 | $141,300 | $157,100 | $234,200 | | 2002 | $158,100 | $164,300 | $136,000 | $147,300 | $215,400 | | 2001 | $147,800 | $146,500 | $130,200 | $137,400 | $194,500 | | 2000 | $139,000 | $139,400 | $123,600 | $128,300 | $183,000 | | 1990 | $92,000 | $126,400 | $75,300 | $85,100 | $129,600 |
Source: National Association of Realtors.
Is anything missing? Did you find what you were looking for? Contact
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
, Detroit Regional Chamber Research Coordinator.
|
