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) | 28% higher | 16% higher |
| Utilities (Monthly) | 4% lower | 5% lower |
| Food | 8% higher | 9% higher |
| Healthcare | 23% higher | 25% higher |
| Transportation | 8% lower | 6% lower |
| Goods & Services | 2% lower | 6% lower |
The cost of living in Ann Arbor, MI is 8% 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 $1,993, while home prices circle around $565,629.
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 $213.63 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 $4.98 in Ann Arbor, a dozen eggs go for around $5.64 and a pound of potatoes circles around $4.34.
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 $123.58, while a dentist appointment is priced $152.07 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.23 in Ann Arbor, while getting your tires balanced will run you about $57.21.
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 $32.30 here. Meanwhile, a pair of women's slacks will set you back around $34.26.
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 $14.67 a month. When it comes to personal services, a haircut usually goes for $21.77, while dry cleaning costs about $14.08.
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 $73,276.