What is the Average Cost of Living in Detroit?

Living in Detroit has become much more economical in recent years and is among the most desirable cities in the US for those seeking an affordable metro area. The cost of living in the Motor City can vary widely depending on different lifestyle factors, but this guide will go over the average cost of living Detroit has to offer.

The median home price in Detroit is currently around $140,000, making it one of the most affordable large cities in the United States and a great option for anyone looking to invest in a property. According to Sperling’s Best Places, the median monthly rent for a one-bedroom apartment is $687, and monthly utilities costs including gas, electric, garbage and water are about $250 for a 915 sq. ft. apartment.

Fuel costs are below national average due to lack of state tax on gas purchases. The current average price for regular fuel is around $2.48 per gallon. Food prices will vary depending on where you shop, however most name brand groceries hover around 15% above national average price points.

The overall cost of living index for Detroit is 84.3, which is lower than the national average of 100, the public transit system is one of the largest and most comprehensive in the country and is one of the better ways to get around the city and save money.

Overall Detroit is an affordable place to live while still providing a wide range of entertainment and cultural options, low unemployment rates, and plenty of opportunities for investment with a strong potential to increase your financial benefit while living comfortably within a budget that isn’t going to break the bank.

The Motor City may not have everything that other dense metro areas may offer, but it provides an affordable and secure lifestyle to those seeking to live within their means in a somewhat undervalued yet rapidly improving city. Compared to the year 2000, Detroit’s population numbers have seen a dramatic rise, its many unique neighborhoods have seen a new influx of entrepreneurial minded people, and the city’s cost of living index has been trending downwards since 2013.

If you’re looking to invest in a property, starting up a new business, or simply seeking an affordable large city with plenty of cultural options and nightlife, Detroit should definitely be on your list of potential destinations. All things considered, Detroit offers an unbeatable combination of affordability and access to an array of amenities you’ll find in any big city. For detailed information about cost of living in Detroit, numbeo provides an up-to-date database with accurate data from local residents.

An Insider’s Guide to Detroit, Michigan

Detroit, known as the Motor City and the birthplace of Motown, has undergone a revitalization in recent years and has become a popular travel destination. Whether you’re interested in history, music, art or sports, Detroit has something unique to offer. In this insider’s guide, we’ll explore the local attractions, dining spots, cultural experiences, local history, and off-the-beaten-path suggestions to help make your visit to Detroit a memorable one.

Local Attractions

Detroit is a city full of incredible museums and landmarks, some of which are nationally known. One of the most famous of these is the Henry Ford Museum which features an extensive collection, including President Kennedy’s limousine and a replica of Thomas Edison’s laboratory. Another must-visit museum is the Detroit Institute of Arts, which has a vast collection of American and European art from the medieval times to modern-day. Sports fans will undoubtedly have a great time visiting the Little Caesars Arena, home to the Detroit Pistons NBA team and the Detroit Red Wings NHL team.

Dining Spots

Detroit is known for its diverse selection of dining options, specifically its Greek, Polish and Middle Eastern cuisine. No visit to Detroit is complete without trying out some local delicacies. The Eastern Market is a paradise for foodies and offers a vast selection of fresh produce, meats, prepared foods, and handmade goods. Visit Polish Village Cafe for pierogis and other classic Polish dishes, or grab a shawarma at Bucharest Grill in the Midtown area.

Cultural Experiences

Detroit has a rich musical history and is undeniably a must-visit destination for music lovers. Motown Historical Museum, situated in the home where Berry Gordy founded Motown Records, allows visitors to experience the birthplace of some of the most famous musicians in history. For those interested in science and technology, the Michigan Science Center features a planetarium, interactive exhibits, and activities that explore the latest scientific discoveries.

Local History

Detroit has a long and diverse history, from its indigenous roots to its industrial foundation in the early 20th century. The Detroit Historical Museum offers an amazing glimpse into the city’s past with a range of exhibits from the fur trade and French settlers to World War II and the Civil Rights Movement.

Off-the-Beaten-Path Suggestions

For those looking for something different, Detroit offers a wealth of off-the-beaten-path experiences. The Heidelberg Project is an open-air art exhibit that features colorful installations created from discarded materials. It provides a unique perspective on the city’s artistic and cultural offerings. Another destination worth mentioning is the world’s largest indoor water park, the Great Wolf Lodge, which is a fantastic experience for visitors of all ages.

Conclusion

Detroit is a city that has undergone many changes, and its evolution tends to surprise visitors. With the multitude of attractions, dining options, cultural experiences, and history, Detroit is undoubtedly a fantastic destination for travel enthusiasts. So, there’s no better time than now to pack your bags, head off to Detroit, and make the most of your visit.