Washtenaw County · Michigan · Midwest · 122k residents
Ann Arbor, MI: economy, jobs & business costs
The site-selection read on Ann Arbor: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,476/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Ann Arbor side by side
Avg. weekly wage
$1,476/wk
Corporate income tax
6%
Bachelor's degree or higher
77.9%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Ann Arbor's economy is moving, ranked against the US cities we track.
71/100
Heating
Ranks Ann Arbor's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $453,400 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,436/mo |
| 2-bedroom rent | $1,759/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,476/wk |
| Bachelor's degree or higher | 77.9% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | 26.8/1k |
| Wage: Software developer | $126,830 |
| Wage: Registered nurse | $103,450 |
| Wage: General manager | $106,000 |
| Wage: Customer service | $39,480 |
| Wage: Warehouse worker | $36,230 |
| Wage: Heavy truck driver | $59,230 |
| Wage: Electrician | $81,450 |
| Wage: Retail salesperson | $35,040 |
| Cost of living index | 106 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $82,212 |
| Unemployment rate | 4.1% |
| Population | 122k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 38/100 |
| Disaster risk | 89/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 84°F |
| January low | 15°F |
| Annual snowfall | — |
| Home price YoY | +3.1% |
| Home price MoM | -0.1% |
| Rent YoY | +1.3% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +0.6% |
| Building permits YoY | +89.5% |
| Ocean coast | 519 mi |
| Big lake | 44 mi |
| Mountains | 333 mi |
| Major airport | 23 mi |
| Ski resort | 190 mi |
Popular comparisons
Nearby
- Ypsilanti, MI · 20k
- Novi, MI · 67k
- Wayne, MI · 17k
- Westland, MI · 84k
- Wixom, MI · 17k
Similar size
- Lansing, MI · 113k
- Sterling Heights, MI · 134k
- Dearborn, MI · 107k
- Warren, MI · 138k
- Livonia, MI · 94k
Real listings in Ann Arbor
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Ann Arbor a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,476/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Ann Arbor, MI?
- Ann Arbor indexes at 106 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,759/mo and a acs median home value of $453,400.
- How much does a house cost in Ann Arbor?
- The acs median home value in Ann Arbor is $453,400 (Census ACS estimate; individual listings vary).
- How much is rent in Ann Arbor?
- A two-bedroom in Ann Arbor rents for about $1,759/mo.