Cost of Living in Detroit, Michigan
Detroit has a population of about 638,530. The median household income is $39,938, median gross rent is $1,074/month, and the median home value is $83,900. Below is how Detroit compares to the US.
Is Detroit expensive to live in?
Compared with the national median, rent in Detroit is 35% below the national median and home values are 78% below the national median. Household income here is 52% below the national median. Monthly rent represents roughly 32% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Detroit?
The median gross rent in Detroit, Michigan is $1,074 per month (US Census ACS).
What is the median home price in Detroit?
The median home value in Detroit is $83,900.
How much do people earn in Detroit?
The median household income in Detroit is $39,938 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.