Quality of Life in Detroit, MI: Income and Living Costs

Income Overview

• Annual Salary: $107,920
• Comparison: This income is above the median household income in the United States, which was approximately $74,000 in 2022.

Cost of Living

• General Cost: Detroit's cost of living is lower than the national average, making it relatively more affordable for residents with this income level.
• Groceries: Prices are slightly below the national average, easing daily living expenses.
• Utilities and Transportation: Costs for utilities and public transportation in Detroit are moderate, contributing to economical living.

Housing Market

• Home Prices: The median home price in Detroit is significantly lower than the national average, providing more options for home ownership without excessive financial strain.
• Rental Market: Renters also benefit from lower-than-average rental costs, with a range of options varying in affordability and amenities.

Quality of Life

• Cultural and Recreational Activities: Detroit offers a rich cultural scene with museums, music festivals, and diverse dining options.
• Community and Surroundings: The city provides a blend of urban and suburban experiences, with access to parks and recreational facilities.

Healthcare Access

• Healthcare Quality: Detroit has several reputable hospitals and healthcare facilities, though access and quality can vary depending on specific areas within the city.
• Insurance: With the given income, obtaining reasonable health insurance and accessing private healthcare options is more feasible.

Quality of K-12 Schools

• Public Schools: Quality varies significantly; some schools face challenges such as underfunding, while others perform well and provide strong educational outcomes.
• Private and Charter Schools: Alternatives to public schooling are available, often offering higher educational standards, though they may come with additional costs.

Assessment

A person earning $107,920 annually in Detroit, MI, would likely enjoy a good quality of life relative to the city's cost of living. The income allows for comfort in housing choices and everyday expenses, supporting a lifestyle enriched with cultural activities and community engagement. Access to healthcare is practical, and while public school quality is mixed, options such as private and charter schools provide alternatives. Compared to the broader United States, Detroit's lower cost of living amplifies the purchasing power of this salary, enhancing overall life quality.