Cost of Living

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According to the Council for Community and Economic Research (C2ER), the Detroit region’s cost of living is only 96.9 or 3.1 percent below the national average. 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, 2017 Average Data

Metro AreaIndex
Memphis, TN83.3
Columbus, OH89.7
St. Louis, MO90.6
Detroit, MI96.9
Atlanta, GA99.0
Pittsburgh, PA99.6
Buffalo, NY100.2
Cleveland, OH101.2
Dallas, TX102.1
Minneapolis, MN104.9
Denver, CO112.0
Baltimore, MD117.0
Philadelphia, PA117.2
Chicago, IL123.6
Boston, MA148.2
Seattle, WA149.0
Washington-Arlington-Alexandria, DC-VA155.7
San Francisco, CA192.9
Manhattan, NY238.6
Source: C2ER

Median Housing Value – 2016 5 year ACS

The Detroit region offers one of the most affordable housing markets in the country.

County/Metro AreaMedian House Value
Gensee County$91,800
Lapeer County$141,200
Lenawee County$119,400
Livingston County$204,000
Macomb County$134,800
Monroe County$141,500
Oakland County$191,500
St. Clair County$126,900
Shiawassee County$105,500
Washtenaw County$218,100
Wayne County$86,000
Source: American Community Survey, U.S. Census Bureau
Contact
    • Angela
    • Ladetto
    • Director, Business Research
    • aladetto@detroitchamber.com
    • 313.596.0418
    • Christyn
    • Lucas
    • Business Research Analyst
    • clucas@detroitchamber.com
    • 313.596.0372
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Contact
    • Angela
    • Ladetto
    • Director, Business Research
    • aladetto@detroitchamber.com
    • 313.596.0418
    • Christyn
    • Lucas
    • Business Research Analyst
    • clucas@detroitchamber.com
    • 313.596.0372
How Can We Help?
Your Name (required)

Your Email (required)

Subject

Your Message

Input the Letters
captcha

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