Cost of Living in Ann Arbor, Michigan
Ann Arbor has a population of about 122,036. The median household income is $82,212, median gross rent is $1,649/month, and the median home value is $453,400. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Ann Arbor expensive to live in?
Compared with the national median in this dataset, rent in Ann Arbor is about the national median and home values are 21% above the national median. Household income here is about the national median. Monthly rent represents roughly 24% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Ann Arbor?
The median gross rent in Ann Arbor, Michigan is $1,649 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Ann Arbor?
The median owner-occupied home value in Ann Arbor is $453,400 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Ann Arbor?
The median household income in Ann Arbor is $82,212 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.