Assessing Quality of Life in Detroit, MI with an Income of $89,440

Summary of Cost of Living

• Comparison to National Average: Detroit's overall cost of living is generally lower than the national average, providing more purchasing power for residents earning $89,440 per year.
• Expenses Breakdown:
  • Groceries: Slightly less expensive compared to other major U.S. cities.
  • Utilities: Comparable to or lower than national rates.
  • Transportation: Reasonable costs, with a noteworthy public transportation system in place.

Housing Market Analysis

• Median Home Price: Significantly lower than the national median, making home ownership accessible for individuals and families earning $89,440.
• Rental Market: Offers affordable options for both single individuals and families, although prices have been rising steadily.
• Investment Potential: Detroit's real estate market is known for opportunities due to ongoing revitalization efforts in various neighborhoods.

Quality of Life

• Job Opportunities: Detroit has a growing job market, particularly in manufacturing, technology, and healthcare sectors, offering promising career prospects.
• Cultural and Recreational Activities:
  • Rich history and vibrant cultural scene with museums, theaters, and music venues.
  • Abundance of parks and outdoor activities within the city and nearby areas.

Access to Healthcare

• Healthcare Facilities: Home to several reputable hospitals and medical centers, providing quality health care services.
• Health Insurance Costs: Generally affordable compared to other major cities, with multiple insurance providers available.

Quality of K-12 Schools

• Public School System: Detroit Public Schools Community District faces challenges but is making progress with new programs and investments.
• Private and Charter Schools: Offer alternative options for families seeking specialized education environments.
• Educational Initiatives: Ongoing efforts to improve educational outcomes and resources for students in both public and charter schools.

In summary, a person in Detroit making $89,440 annually could expect a reasonably comfortable lifestyle with access to affordable housing, essential services, and cultural amenities. While the education system presents some challenges, the overall quality of life can be considered favorable relative to other parts of the United States.