Ann Arbor, Michigan has an overall cost of living index of 98.2, which is 1.8 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,649 per month, while the typical home is valued around $453,400. Households earn a median of $82,212 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$82,212
Median Income / yr
Census ACS
$1,649
Median Rent / mo
Census ACS
$453,400
Median Home Value
Census ACS
98.2
Cost of Living Index
Studio FMR
$1,365
HUD · FY2024
1BR Fair Market Rent
$1,387
HUD · FY2024
2BR Fair Market Rent
$1,656
HUD · FY2024
3BR Fair Market Rent
$1,986
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
98.2
Goods
94.1
Rents / Housing
112.1
Services
97.0
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $125,220 |
| Registered Nurse | $97,030 |
| Elementary Teacher | $69,210 |
| Electrician | $78,840 |
| Accountant | $85,680 |
| Plumber | $73,780 |
| Nurse Practitioner | $244,610 |
| Civil Engineer | $97,020 |
| Operations Manager | $139,180 |
| Market Research Analyst | $77,160 |
| Health Services Manager | $137,270 |
| Truck Driver | $58,490 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $126,550 |
Source: BLS OEWS 2023 (metro-level data)
Population
122,036
Latest estimate
Median Age
27.7 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,443
Per month
Avg Home Value
$432,600
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 48103 | — | $1,653 | $440,600 |
| ZIP 48104 | — | $1,464 | $485,000 |
| ZIP 48105 | — | $1,503 | $453,300 |
| ZIP 48108 | — | $1,224 | $351,500 |
| ZIP 48109 | — | $1,371 | — |
Healthcare Score
32.6
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
97.4%
Ann Arbor has a Regional Price Parity (RPP) index of 98.2. The US national average is 100, so Ann Arbor is 1.8 points below the national average.
The median gross rent in Ann Arbor is $1,649 per month according to US Census ACS data.
The median household income in Ann Arbor is $82,212 per year.
The median home value in Ann Arbor is $453,400 based on the latest Census ACS survey.
Air quality data for Ann Arbor is not yet available.
Tax data for Michigan is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
