Ann Arbor, MI at a glance
Median household income
$82,212$6,851 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Ann Arbor, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Ann Arbor, MI? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Ann Arbor, MI MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,365 | $16,380 | $54,600 | 19.9% |
| 1-Bedroom Apartment | $1,387 | $16,644 | $55,480 | 20.2% |
| 2-Bedroom ApartmentBenchmark | $1,656 | $19,872 | $66,240 | 24.2% |
| 3-Bedroom Home | $1,986 | $23,832 | $79,440 | 29% |
| 4-Bedroom Home | $2,193 | $26,316 | $87,720 | 32% |
What a typical income covers in Ann Arbor, MI
The 50/30/20 rule applied to the local median of $82,212 a year ($6,851 a month before tax).
What $82,212 leaves after Michigan taxes
Federal income tax, Social Security, Medicare and Michigan tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Michigan
Living in Ann Arbor, MI: common questions
What is the median household income in Ann Arbor, MI?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Ann Arbor, MI is $82,212 per year (approximately $6,851 per month).
What is the average rent in Ann Arbor, MI?
The closest official figure is HUD's Fair Market Rent for 2026: $1,365 for a studio, $1,387 for one bedroom, $1,656 for two, $1,986 for three and $2,193 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Ann Arbor, MI expensive to live in?
Prices there run 0.9% above the U.S. average. BEA's regional price parity for the metro area is 100.9, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Ann Arbor, MI?
To keep a $1,656 two-bedroom under 30% of gross income, a household needs about $66,240 a year, or $5,520 a month. That is 81% of what the typical household in Ann Arbor, MI earns.
How much do you need to live comfortably in Ann Arbor, MI?
On the local median income of $82,212 ($6,851 a month before tax), the 50/30/20 rule leaves $3,426 a month for needs like rent, utilities and groceries, $2,055 for everything else and $1,370 for savings or debt. A two-bedroom at $1,656 takes 48% of the needs share.
How much is the electric bill in Ann Arbor, MI?
Homes in Michigan paid 23¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $207. Your bill depends mostly on heating and cooling.