Cost of Living in Dearborn, MI
Population: 107,846 • 2026 Data
$65,192
Median Household Income
-16% vs national
$1,264
Median Monthly Rent
-6% vs national
$205,900
Median Home Value
-39% vs national
6.8%
Unemployment Rate
Housing in Dearborn
The median home value in Dearborn, MI is $205,900. Monthly rent for a typical unit averages $1,264, while total monthly housing costs (including utilities and insurance) average $1,174.
Rent-to-income ratio: 23.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Dearborn, MI is $65,192. The unemployment rate stands at 6.8%, with a labor force of 45,490 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.