Cost of Living in Ann Arbor, MI
Population: 121,179 • 2026 Data
$81,089
Median Household Income
+5% vs national
$1,552
Median Monthly Rent
+15% vs national
$435,100
Median Home Value
+28% vs national
3.6%
Unemployment Rate
Housing in Ann Arbor
The median home value in Ann Arbor, MI is $435,100. Monthly rent for a typical unit averages $1,552, while total monthly housing costs (including utilities and insurance) average $1,638.
Rent-to-income ratio: 23.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Ann Arbor, MI is $81,089. The unemployment rate stands at 3.6%, with a labor force of 65,367 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.