Cost of Living in Ann Arbor, MI is 6.7% Higher than the National Average. Did the Cost of Living in Ann Arbor, MI increase in 2020? Ann Arbor, MI area prices were up 1.3% from a year ago. The largest increases were found in Transportation, Food, and Housing.

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Comments about the Cost of Living in Ann Arbor, MI

If I plan on eating out occasionally will it be affordable in Ann Arbor, MI?

Ann Arbor, Michigan going out to eat at a restaurant and buying food is considered to be affordable. Make sure you take this into account as you plan your overall cost of living in Ann Arbor, MI. ( 2020-09-25 )

Are there good recreational opportunities in or near Ann Arbor, MI?

Ann Arbor, MI does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. ( 2020-09-25 )

I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?

The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. This price can vary a lot if the distance is greater and depending on how much is being moved. Even if your employer is covering the cost of a move, there will still be costs that are not covered. A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. Make sure you budget for these types of expenses and include them in the first year’s cost of living at your new location. Finally, although there is no dollar cost, is the stress of moving, which will increase if you have children or pets. Make sure you prepare in advance for what additional TLC those kids and pets will need to have a good move. ( 2020-09-25 )

Are there any tips that will help make the move to Ann Arbor, Michigan easier for my child?

Make sure your child has a favorite toy, doll, game, clothing, blanket, snacks, etc. to take with them during the transition. Once you arrive, let your child help with arranging and decorating their new room. You may be tempted to unpack everything when you arrive, but make sure you take a break from unpacking to spend time playing and relaxing with your child. Plan on packing a special bag to take with you with those items that you will need first. Towels, soap, a few basic kitchen utensils and food items like crackers, tea, juice, will make your new location functional as soon as you arrive and fell more like home. A small new toy, book, or video that you give to your child when you arrive might help them to feel happy and relaxed in the new location. ( 2020-09-25 )

How much are average utility costs in Ann Arbor, Michigan compared to the rest of U.S.?

Electric costs in Ann Arbor,MI are currently higher than average when compared to other states. Since a year ago the price of electricity in Michigan has gone up about 1.324%. Electric costs will contribute to the energy component of your overall cost of living. ( 2020-09-25 )

I have a child, how much will child care cost per month in Ann Arbor, Michigan ?

It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Ann Arbor child care for a child up to 3 years could cost $9882 per year. Michigan, is ranked NO. 22 in annual cost of child care in the U.S. ( 2020-09-25 )

Should I plan on spending a lot on rent in Ann Arbor,MI?

I am single and live in Ann Arbor,MI, I rent a small studio and the monthly rent is $1566 . Rent contributes to a large part of the overall cost of living in Ann Arbor,MI, I try to economize by having a small apartment. ( 2020-09-25 )

I need to keep my cost of living under control, is there a lot to do in Ann Arbor, Michigan that is not very expensive?

Because University of Michigan is located in Ann Arbor, there is a large student population. This is great, even if you are not a student, since there are always lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. ( 2020-09-25 )

I know there are many types of taxes that contribute to the cost of living in Ann Arbor, Michigan, will the overall tax expense be high or low?

Good question. Based on Individual income taxes (which you will pay on earnings), Sales taxes (pay for your purchases), property taxes (on your home or indirectly on your rent), unemployment insurance taxes (from your income), and general business taxes (impacting employers ability to offer jobs and good pay), in Ann Arbor, the overall tax climate compared to the rest of the country is generally low. ( 2020-09-25 )

What is the cost of public transit in Ann Arbor, Michigan?

Public transit in Ann Arbor, MI will cost you around $58.00 per month. ( 2020-09-25 )

Can you save money using public transport?

You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. ( 2020-09-25 )

Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2020-09-25 )

What factors are included in estimating your cost of living?

The cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2020-09-25 )

The cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2020-09-25 )

Last Update: 2020-09-25