Dearborn, Michigan has an overall cost of living index of 96.3, which is 3.7 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,264 per month, while the typical home is valued around $205,900. Households earn a median of $65,192 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$65,192
Annual · Census ACS
Median Gross Rent
$1,264
Per month · Census ACS
Median Home Value
$205,900
Census ACS
Cost of Living Index
96.3
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
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
96.3
Goods
94.7
Rents / Housing
94.2
Services
101.9
Source: BEA Regional Price Parities (metro-level)
State Income Tax
4.25%
Top marginal rate
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $114,870 |
| 🏥Registered Nurse | $87,620 |
| 📚Elementary Teacher | $67,720 |
| ⚡Electrician | $69,300 |
| 📊Accountant | $87,920 |
Source: BLS OEWS 2023 (metro-level data)
Population
107,846
Latest estimate
Median Age
32.6 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Dearborn?
Dearborn has a Regional Price Parity (RPP) index of 96.3. The US national average is 100, so Dearborn is 3.7 points below the national average.
What is the median rent in Dearborn?
The median gross rent in Dearborn is $1,264 per month according to US Census ACS data.
What is the median household income in Dearborn?
The median household income in Dearborn is $65,192 per year.
What is the median home value in Dearborn?
The median home value in Dearborn is $205,900 based on the latest Census ACS survey.
How is the air quality in Dearborn?
Air quality data for Dearborn is not yet available.
What are the taxes like in Dearborn?
Michigan has a top state income tax rate of 4.25% and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology