Ann Arbor, MI vs Troy, MI

Ann Arbor, MI and Troy, MI have a very similar cost of living, with only a 2.6% difference in their overall index. Ann Arbor scores 117 while Troy scores 114 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ann Arbor is $1,552/month compared to $1,557/month in Troy — a 0% difference. Interestingly, home values tell a different story: while Ann Arbor has cheaper rent, Troy actually has lower median home values ($396,800 vs $435,100).

Median household income in Ann Arbor is $81,089 compared to $119,299 in Troy (-32%). Troy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ann Arbor spend roughly 23% of their income on rent, more than the 15.7% in Troy.