Cost of Living and Housing in Ann Arbor, Michigan

Ann Arbor has about 122,036 residents. Median gross rent is $1,649 per month and median household income is $82,212.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,649/mo Close to the dataset median

Median Home Value $453,400 21% above the dataset median

Median Household Income $82,212 Close to the dataset median

Owner-Occupied Homes 45% Share of occupied housing units

Rent-to-Income Baseline 24% Annual median rent ÷ household income

Home Value-to-Income 5.5x Median value ÷ household income

How Ann Arbor compares

Rent is close to the dataset median, while household income is close to the dataset median. Within Michigan, Ann Arbor ranks #56 from lowest to highest rent and #13 from highest to lowest household income among 59 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Michigan

Frequently asked questions

What is the median rent in Ann Arbor?

Median gross rent is $1,649 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Ann Arbor?

The median value of owner-occupied homes is $453,400 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Ann Arbor is $82,212 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.