Median rent is 11% lower in Troy ($1,175/mo vs $1,327/mo). Buying is cheaper in Troy, where the median home runs $206,500 versus $218,800. Households earn more in Dearborn ($65,324 vs $58,477 a year). Taken together, Troy is the more affordable choice with a cost index of 98.2 against 98.2 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Dearborn, MI.
City A
Dearborn, MI
City B
Troy, NY
How much would you need to earn in Troy, NY to maintain your standard of living from Dearborn, MI?
Equivalent salary in Troy, NY
$74,992
You could earn $8 less (0% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Dearborn
Michigan
Troy
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Troy at $1,175/mo compared to $1,327/mo in Dearborn (11% gap). Median home values are within 6% of each other: $218,800 in Dearborn and $206,500 in Troy.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Dearborn
Income tax: N/A
Sales tax: N/A
Troy
Income tax: N/A
Sales tax: N/A
Air quality data is not yet available for these cities.
Pick Dearborn if you prioritize higher median household income ($65,324/yr).
Pick Troy if you prioritize cheaper rent ($1,175/mo median).
Is Dearborn cheaper than Troy?
Troy is cheaper overall, with a cost of living index of 98.2 versus 98.2 (US average = 100). That means prices run about 0% lower in Troy.
How much is rent in Dearborn vs Troy?
Median rent is $1,327/mo in Dearborn, MI and $1,175/mo in Troy, NY. Troy, NY has the lower rent by about 11%.
Which has higher salaries — Dearborn or Troy?
Median household income is $65,324 in Dearborn, MI and $58,477 in Troy, NY. Dearborn, MI has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Dearborn or Troy?
State tax data is not yet available for one or both cities.
What salary do I need in Troy to match my Dearborn income?
To maintain the same purchasing power, a salary of $100,000 in Dearborn, MI is equivalent to roughly $99,990 in Troy, NY (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
