Dearborn, MI vs Troy, MI

There is a significant gap in the cost of living between these two cities. Dearborn is 21.5% cheaper than Troy. With a cost index of 90 vs 114, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Dearborn to Troy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Dearborn is $1,264/month compared to $1,557/month in Troy — a 19% difference. Home values follow the same pattern: Dearborn is more affordable at $205,900 median vs $396,800.

Median household income in Dearborn is $65,192 compared to $119,299 in Troy (-45.4%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dearborn spend roughly 23.3% of their income on rent, more than the 15.7% in Troy.