Retirement Savings Calculator for Ann Arbor, MI
Updated 2026 · Local data pre-filled
The median household income in Ann Arbor is $78,600. With a cost of living index of 116, your retirement needs will be higher than average. Planners generally recommend saving 10–15% of income; at Ann Arbor's median income that's $9,432–$11,790 per year.
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How Ann Arbor Compares to the National Average
Understanding how Ann Arbor stacks up helps you calibrate your financial planning.
| Metric | Ann Arbor, MI | US Average | Difference |
|---|---|---|---|
| Median Home Price | $420,000 | $420,800 | -0.2% |
| Median Monthly Rent | $1,730 | $1,713 | +1.0% |
| Median Household Income | $78,600 | $74,580 | +5.4% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 116 | 100 | +16.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Ann Arbor Financial Snapshot
- Population (Metro)
- 370,000
- Unemployment
- 3.0%
- Avg Commute
- 22 min
- Median Age
- 31.2
- Price-to-Rent Ratio
- 20.2x
- Annual Property Tax
- $6,720
Retirement Savings Calculator in Other Michigan Cities
Frequently Asked Questions — Ann Arbor
What is the median home price in Ann Arbor, MI?
The median home price in Ann Arbor is $420,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Ann Arbor?
Median monthly rent in Ann Arbor is $1,730. That works out to $20,760/year, or 26% of the median household income — within the commonly recommended 30% of income guideline.
Is Ann Arbor affordable?
Ann Arbor's cost of living index is 116 vs. the national average of 100. With a median household income of $78,600/year and a median home price of $420,000, the price-to-income ratio is 5.3x. Ann Arbor falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Ann Arbor?
The effective property tax rate in Ann Arbor is 1.60% of assessed value. On the median home of $420,000, that's roughly $6,720/year ($560/month).