Austin, TX vs Detroit, MI
Cost of Living Comparison
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Equivalent Salary
$100,000 in Austin, TX = $100,396 in Detroit, MI
Buying power is 0.4% higher in Detroit, MI
Median Rent
$1,655 vs $1,034
-37.5% lower in Detroit, MI
Median Income
$91,461 vs $39,575
-56.7% lower in Detroit, MI
Home Value
$512,700 vs $76,800
-85.0% lower in Detroit, MI
Price Level
97.6 vs 98.0
US avg = 100
Salary Needed for Median Rent
$66,200 vs $41,400
30% of gross income guideline
Rent as % of Income
21.7% vs 31.4%
Lower is more affordable