Quality of Life in Detroit, MI on an Income of $110,640

Overview of Cost of Living

• National Context: The median household income in the United States is approximately $68,000, making $110,640 significantly above average.
• Detroit Cost of Living: Generally, the cost of living in Detroit is lower than the national average, especially in comparison to other major metropolitan areas.

Housing Market

• Home Prices:
  • Median home price in Detroit is much lower than the national median, making it an attractive option for homebuyers.
  • Compared to areas like New York or San Francisco, Detroit's housing is considerably more affordable.
• Affordability:
  • With an income of $110,640, purchasing a home in Detroit is feasible. Homebuyers can expect to find a range of options that fall well within this budget.
  • Mortgage and property tax rates are within a reasonable range compared to other U.S. cities.

Quality of Life

• Living Expenses:
  • Transportation, groceries, and healthcare costs are generally lower in Detroit than in larger urban areas.
• Cultural and Recreational Opportunities:
  • Detroit offers a rich cultural scene, including museums, theaters, and live music venues.
  • Residents enjoy numerous recreational activities with access to parks, the Detroit River, and sports events.

Access to Healthcare

• Healthcare Facilities:
  • Detroit has reputable medical centers and a variety of healthcare options.
  • Overall healthcare costs are about average compared to the rest of the United States.
• Health Insurance:
  • Those earning $110,640 should find health insurance affordable, with plenty of coverage options available.

Quality of K-12 Schools

• Education Selection:
  • The Detroit Public Schools Community District offers a variety of public school options, though they vary in performance.
  • Privatized and charter school alternatives are available, potentially offering enhanced educational opportunities.
• School Ranking:
  • Some schools in the area are highly rated, though the quality can be inconsistent across the city.

Assessment Summary

Residing in Detroit with a salary of $110,640 offers a comfortable lifestyle due to the lower cost of living and more affordable housing market compared to the broader United States. The quality of life is enhanced by cultural amenities and reasonable healthcare access, while education opportunities can vary, providing