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 103.0. 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, 2021 Average Data

Metro AreaIndex
Memphis, TN84.9
St. Louis, MO87.1
Columbus, OH91.5
Cleveland, OH93.7
Buffalo, NY94.4
Minneapolis, MN102.9
Detroit, MI103.0
Baltimore, MD103.8
Pittsburgh, PA103.4
Atlanta, GA105.0
Dallas, TX107.7
Philadelphia, PA109.8
Denver, CO113.5
Chicago, IL123.3
Seattle, WA152.7
Boston, MA153.2
Washington-Arlington-Alexandria, DC-VA158.1
San Francisco, CA194.1
Manhattan, NY255.0
Source: C2ER, 2021 Annual Average Data Report

Median Housing Value – 2020 5-Year ACS

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

County/Metro AreaMedian House Value
Genesee County$119,500
Lapeer County$179,900
Lenawee County$143,000
Livingston County$256,100
Macomb County$174,000
Monroe County$167,400
Oakland County$252,800
St. Clair County$162,300
Shiawassee County$127,500
Washtenaw County$278,500
Wayne County$122,700
Source: American Community Survey 5-Year Estimates, U.S. Census Bureau

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

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