Cost of Living in Ann Arbor, MI
Cost of Living in Ann Arbor, MI | Compared to State Average | Compared to National Average |
---|---|---|
Housing (Buy and Rent) | 33% higher | 16% higher |
Utilities (Monthly) | 3% lower | 5% lower |
Food | 9% higher | 9% higher |
Healthcare | 26% higher | 25% higher |
Transportation | 8% lower | 6% lower |
Goods & Services | 3% lower | 6% lower |
The cost of living in Ann Arbor, MI is 9% higher than the state average and 4% higher than the national average. Ann Arbor, MI housing is 16% more expensive than the U.S average, while utilities are about 5% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 6% less in Ann Arbor, MI than in the rest of the country, while clothing costs around 6% less .
Healthcare services such as doctor check-ups and dentistry cost 25% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 6% cheaper in Ann Arbor, MI.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Ann Arbor is $2,043, while home prices circle around $587,267.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Ann Arbor, energy bills cost around $226.55 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $5.00 in Ann Arbor, a dozen eggs go for around $4.26 and a pound of potatoes circles around $3.98.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Ann Arbor, an optometry check-up costs around $126.52, while a dentist appointment is priced $155.05 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.81 in Ann Arbor, while getting your tires balanced will run you about $59.22.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $33.84 here. Meanwhile, a pair of women's slacks will set you back around $35.43.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Ann Arbor, you should budget around $14.81 a month. When it comes to personal services, a haircut usually goes for $22.50, while dry cleaning costs about $14.51.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Ann Arbor, the median household income is $78,546.