Quality of Life in Detroit, MI for Individuals Earning $55,120 per Year

Cost of Living

• Overall Cost of Living: Detroit's cost of living is generally lower than the national average, making it an attractive city for individuals earning around $55,120 per year.
• Utilities and Necessities: Expenses for utilities, food, and other necessities tend to be moderately priced, contributing to affordability.
• Transportation Costs: Public transportation is available, and the cost of commuting is generally lower than in other major cities.

Housing Market

• Affordable Housing Options: The median home price in Detroit is notably less than the national average, which can provide more opportunities for homeownership for those earning $55,120.
• Rental Market: Rental prices in Detroit are also relatively affordable, allowing flexibility for those not looking to buy a home immediately.

Quality of Life

• Cultural and Recreational Opportunities: Detroit offers a rich cultural scene, with museums, music venues, and events that enhance the quality of life.
• Job Market: While Detroit has seen economic ups and downs, certain sectors such as technology and manufacturing are growing, offering job stability and opportunities.

Access to Healthcare

• Healthcare Facilities: The city houses several reputable hospitals and healthcare facilities, providing good access to medical care.
• Insurance and Costs: Health insurance affordability and operations within Detroit are similar to national standards, though out-of-pocket expenses can vary based on coverage plans.

Quality of K-12 Schools

• Public Schools: The quality of public education varies widely, with some schools performing well and others struggling. School choice and charter schools offer additional education options.
• Extracurricular Programs: Many schools offer extracurricular activities that enhance student life and development.

Overall Assessment

For someone earning $55,120 in Detroit, the cost of living aligns favorably with income, due primarily to lower housing and utility costs. The city offers a balanced lifestyle with ample cultural activities, adequate healthcare, and growing job opportunities. Education quality may require careful school selection, yet the variety of institutes ensures options are available. Overall, Detroit presents a viable, economically feasible living situation for individuals within this income bracket.