Living in Ann Arbor, Michigan
Cost of living, income, home prices, rent and demographics of Ann Arbor · Census data 2020–2024
Ann Arbor has 122,036 residents with a median age of 27.7. The median household income is $82,212 (13% higher than the Michigan median), the median home value is $453,400, the median rent is $1,649/month.
Ann Arbor at a glance
- Population
- 122,036
- Median age
- 27.7State: 40.2
- Median household income
- $82,212State: $72,875
- Median home value
- $453,400State: $231,600
- Median rent
- $1,649/moState: $1,129
- Homeowners
- 45.5%
- Bachelor's degree or higher
- 77.9%
- Average commute
- 20 min
Is Ann Arbor a good place to live?
Pros: Median household income 13% higher than the Michigan median; an average commute of 20 minutes; unemployment of 3.9%.
Cons: Home values 96% higher than the state median; a poverty rate of 23.8%.
The weather is best in June to September.
Cost of living in Ann Arbor
Housing is the biggest part of the cost of living. In Ann Arbor the median home value is $453,400, 36% higher than the U.S. median. Renters pay a median of $1,649 per month, which is 37.4% of household income. Homeowners with a mortgage pay $2,436 a month in housing costs.
Ann Arbor median household income
The median household income in Ann Arbor is $82,212 and the income per person is $55,459. 23.8% of residents live below the poverty line (Michigan: 13.2%).
Housing in Ann Arbor: homes for sale and rent
- Housing units
- 54,399
- Owner-occupied
- 45.5%
- Renter-occupied
- 54.5%
- Vacant
- 7.2%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.19
Ann Arbor demographics
- Population
- 122,036
- Median age
- 27.7
- Under 18
- 12.4%
- 65 and older
- 12.9%
- Households
- 50,499
- Foreign-born
- 18.6%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Ann Arbor ›
Education in Ann Arbor
77.9% of adults 25 and older in Ann Arbor have a bachelor's degree or higher (Michigan: 32.4%), and 48% have a graduate or professional degree.
Jobs and commute in Ann Arbor
- Unemployment rate
- 3.9%State: 5.7%
- Average commute
- 20 minState: 24 min
- Work from home
- 28.7%
- Drive alone
- 43%
- Public transit
- 7.2%
- Walk to work
- 13%
- Homes with broadband
- 93.9%
Ann Arbor vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ann Arbor | 122,036 | $82,212 | $453,400 | $1,649 |
| Barton Hills | 430 | $250,001 | $1,410,000 | — |
| Ypsilanti | 19,857 | $46,588 | $232,700 | $1,080 |
| Saline | 9,006 | $88,346 | $341,300 | $1,054 |
| Dexter | 4,521 | $106,637 | $421,000 | $1,761 |
| Whitmore Lake | 7,878 | $86,779 | $287,700 | $1,329 |
| South Lyon | 11,950 | $92,467 | $294,600 | $1,310 |
| Milan | 5,987 | $96,949 | $247,100 | $1,162 |
| Belleville | 3,910 | $62,991 | $148,300 | $1,079 |
More for people moving to Ann Arbor
Ann Arbor ZIP code ›Weather and climate ›Living in Ann Arbor: FAQ
What is the median household income in Ann Arbor, MI?
The median household income in Ann Arbor is $82,212, 13% higher than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ann Arbor?
The median home value in Ann Arbor is $453,400, compared with $231,600 in Michigan.
How much is rent in Ann Arbor?
The median gross rent in Ann Arbor is $1,649 per month, about 37.4% of household income.
Is Ann Arbor, MI a good place to live?
Pluses: median household income 13% higher than the Michigan median; an average commute of 20 minutes; unemployment of 3.9%. Minuses: home values 96% higher than the state median; a poverty rate of 23.8%.
What is the median age in Ann Arbor?
The median age in Ann Arbor is 27.7 years (Michigan: 40.2).
How long is the commute in Ann Arbor?
The average commute to work in Ann Arbor is 20 minutes; 28.7% of workers work from home.
What is the unemployment rate in Ann Arbor?
The unemployment rate in Ann Arbor is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ann Arbor?
77.9% of adults in Ann Arbor have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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