Quality of Life in Detroit, MI with an Annual Salary of $100,640

Cost of Living

• Overall Cost Index: Detroit has a relatively low cost of living compared to the national average. Essential costs like groceries, transportation, and healthcare are generally more affordable.
• Comparison: With a $100,640 salary, residents can comfortably cover expenses and may have disposable income, enabling savings or additional investments.

Housing Market

• Average Home Price: The median home price in Detroit is significantly lower than the national average, making home ownership more accessible.
• Affordability: Individuals earning $100,640 are well-positioned to afford a home, with lower property taxes compared to other urban areas.

Quality of Life

• Local Amenities: Detroit offers a rich cultural scene, including music, arts, and a burgeoning food scene. The city’s revitalization efforts contribute to an improving quality of life.
• Job Market: A growing economy with diverse employment opportunities, particularly in manufacturing, technology, and healthcare.

Healthcare Access

• Healthcare Facilities: Detroit is home to several top-rated hospitals and healthcare institutions, providing residents access to excellent medical care.
• Insurance Cost: Health insurance options are varied, with generally lower costs compared to many other major U.S. cities.

Quality of K-12 Schools

• Public Schools: The quality of public schools in Detroit varies, with some schools struggling with funding and performance issues.
• Educational Opportunities: There are charter and magnet schools offering specialized programs, as well as private institutions for families seeking alternative education options.

Summary

Living in Detroit with an annual income of $100,640 offers a comfortable lifestyle given the city's lower cost of living and housing prices compared to much of the U.S. Residents enjoy access to healthcare and diverse urban amenities. While there are challenges in the local K-12 public school system, alternative educational options are available. Overall, individuals in this income bracket can expect a good quality of life with opportunities for both professional growth and leisure activities.