Cost of Living in Detroit
Median income in Detroit is $34,000/year ($2,833/month). Here is how to budget every dollar.
Average Rent in Detroit
$700
Studio
$900
1 Bedroom
$1,100
2 Bedrooms
Monthly Budget Breakdown: $2,833/month
How to allocate the median Detroit income of $34,000/year after taxes.
Housing
$900
Food & Groceries
$280
Transportation
$320
Utilities
$180
Healthcare
$140
Entertainment
$170
Personal & Other
$140
Savings
$703
Total
$2,833
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Affordable Neighborhoods in Detroit
Corktown and Midtown are Detroit's hottest neighborhoods with moderate rents
Ferndale and Royal Oak in the suburbs offer walkable communities at good value
Southwest Detroit has vibrant Mexican-American culture with very affordable housing
Money-Saving Tips for Detroit
Housing costs are among the lowest of any major US city — maximize savings here
Car insurance in Detroit is famously expensive — shop around and consider usage-based policies
Shop at Eastern Market on Saturdays for affordable local produce
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