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 95.1 or 4.9 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.

Metro AreaIndex
Memphis, TN85.6
Columbus, OH90.2
St. Louis, MO93.7
Detroit, MI95.1
Dallas, TX95.8
Pittsburgh, PA96.4
Buffalo, NY98.2
Atlanta, GA99.6
Cleveland, OH100.9
Denver, CO107.5
Minneapolis, MN107.9
Baltimore, MD109.5
Chicago, IL116.7
Philadelphia, PA119.5
Seattle, WA126.9
Boston, MA137.6
Washington-Arlington-Alexandria, DC-VA141.6
San Francisco, CA167.5
Manhattan, NY222.6
Source: C2ER

Median Housing Value – 2011 5 year ACS

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

County/Metro AreaMedian House ValueMedian Rent Value
Gensee County$109,000$685
Lapeer County$155,000$687
Lenawee County$133,800$663
Livingston County$203,200$887
Macomb County$148,600$779
Monroe County$156,600$755
Oakland County$190,500$894
St. Clair County$141,800$723
Shiawassee County$122,800$646
Washtenaw County$208,800$879
Wayne County$110,000$775
Source: SEMCOG
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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