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. 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, 2018 Average Data

Metro AreaIndex
Memphis, TN80.6
St. Louis, MO87.8
Columbus, OH90.8
Buffalo, NY94.8
Detroit, MI95.1
Pittsburgh, PA99.1
Atlanta, GA101.8
Cleveland, OH101.2
Dallas, TX105.4
Minneapolis, MN106.3
Denver, CO113.2
Philadelphia, PA113.4
Baltimore, MD116.9
Chicago, IL123.2
Boston, MA150.0
Seattle, WA154.8
Washington-Arlington-Alexandria, DC-VA162.6
San Francisco, CA196.3
Manhattan, NY248.5
Source: C2ER

Median Housing Value – 2018 1 year ACS

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

County/Metro AreaMedian House Value
Genesee County$118,700
Lapeer County$190,800
Lenawee County$141,800
Livingston County$256,800
Macomb County$176,100
Monroe County$168,800
Oakland County$258,900
St. Clair County$161,400
Shiawassee County$125,100
Washtenaw County$280,500
Wayne County$120,700
Source: 2018 American Community Survey, U.S. Census Bureau

Contact
    • Christyn
    • Lucas
    • Business Research Analyst
    • clucas@detroitchamber.com
    • 313.596.0372
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Contact
    • Christyn
    • Lucas
    • Business Research Analyst
    • clucas@detroitchamber.com
    • 313.596.0372
How Can We Help?

Your Name (required)

Your Email (required)

Subject

Your Message

 YES I would like to receive emails from the Detroit Regional Chamber.

By submitting this form, you acknowledge that you have read the Chamber's Privacy Policy, agree to its terms and consent to allow the Chamber to use your information consistent with our Privacy Policy.

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