Cost of Living in Detroit, MI
Population: 636,644 • 2026 Data
$39,575
Median Household Income
-49% vs national
$1,034
Median Monthly Rent
-23% vs national
$76,800
Median Home Value
-77% vs national
14.1%
Unemployment Rate
Housing in Detroit
The median home value in Detroit, MI is $76,800. Monthly rent for a typical unit averages $1,034, while total monthly housing costs (including utilities and insurance) average $868.
Rent-to-income ratio: 31.4%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Detroit, MI is $39,575. The unemployment rate stands at 14.1%, with a labor force of 269,860 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.