America’s Most Affordable Cities – Detroit, Michigan

detroit-mi-by-cletch

Forbes ranked the top US cities for bargain living and the midwest region filled many of the spots. Detroit came in at #3 and was Michigan’s only urban area that made the top 15 list.

That said, if you have a college degree under your belt and a steady job to show up to, your money gets great mileage in Detroit. The median salary for degree-toting workers is $60,600 (15th out of the 50 cities) while the cost of living remains super cheap (second out of 50). With a median asking price of $132,635, Detroit homes are dirt-cheap.

Morgan Brennan, Forbes.com

Number crunchers considered the current median asking price of homes, the median salaries of workers with a bachelors degree and compared it to a cost of living index to come up with the top urban areas of affordability:

  1. Omaha, Neb.
  2. Buffalo, N.Y.
  3. Detroit, Mich.
  4. Indianapolis, Ind.
  5. Cincinnati, Ohio
  6. Pittsburgh, PA
  7. Minneapolis-St. Paul, Minn
  8. Cleveland, OH
  9. Oklahoma City, Okla
  10. Houston, Texas
  11. Raleigh, NC
  12. Columbus, OH
  13. Kansas City, Mo
  14. Dallas-Fort Worth, TX
  15. Tulsa, Okla

Read the entire article here as well as a follow up on Yahoo Real Estate.

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