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.
Median Household Income
$82,212
Annual · Census ACS
Median Gross Rent
$1,649
Per month · Census ACS
Median Home Value
$453,400
Census ACS
Cost of Living Index
98.2
BEA RPP · US avg = 100
Studio FMR
$1,365
HUD Fair Market Rent
1BR Fair Market Rent
$1,387
HUD FMR
2BR Fair Market Rent
$1,656
HUD FMR
3BR Fair Market Rent
$1,986
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is 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
49
0–100 scale
Avg Median Rent
$1,721
Per month
Avg Home Value
$488,667
Census ACS
Healthcare Score
32.6
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
97.4%
What is the cost of living index for Ann Arbor?
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.
What is the median rent in Ann Arbor?
The median gross rent in Ann Arbor is $1,649 per month according to US Census ACS data.
What is the median household income in Ann Arbor?
The median household income in Ann Arbor is $82,212 per year.
What is the median home value in Ann Arbor?
The median home value in Ann Arbor is $453,400 based on the latest Census ACS survey.
How is the air quality in Ann Arbor?
Air quality data for Ann Arbor is not yet available.
What are the taxes like in Ann Arbor?
Tax data for Michigan is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
