Quality of Life in Detroit, MI
Income Overview
- Annual Salary: $115,600
- Comparison to Median Household Income: Above the 2021 median U.S. household income, which is approximately $70,784.
Cost of Living
- Overall Cost of Living Index: Below the national average.
- Groceries: On average, slightly below national costs.
- Transportation: Competitive with national averages due to public transportation options.
- Utilities: Generally consistent with national averages.
Housing Market
- Median Home Price: As of 2023, significantly lower than the national average.
- Renting: Affordable rental rates compared to other major U.S. cities.
- Home Ownership Opportunities: Greater purchasing power for homes compared to other metropolitan areas.
Quality of Life
- Cultural Scene: Rich with vibrant music and arts communities.
- Recreational Opportunities: Numerous parks and outdoor activities.
- Community Engagement: Strong local identity and neighborhood cohesion.
Access to Healthcare
- Provider Options: Several high-quality hospitals and healthcare systems.
- Insurance Coverage: Standard coverage options offered by employers, generally sufficient for the region's healthcare needs.
- Healthcare Costs: Similar to national averages but may vary based on specific needs.
Quality of K-12 Schools
- Public School System: Mixed performance; varies greatly by neighborhood.
- Private School Options: Several reputable private and charter schools available.
- Investment in Education: Ongoing efforts to improve educational infrastructure and resources.
Summary of Assessment
Living in Detroit, MI, with an income of $115,600 allows for a comfortable quality of life, given the city's lower-than-average cost of living and housing prices. Residents benefit from affordable housing options, a dynamic cultural scene, and access to quality healthcare. While the public school system remains varied, parents have access to alternative educational institutions. Overall, Detroit offers a robust living environment for individuals and families looking to maximize their income potential relative to costs.
