Salary & Cost of Living in Ann Arbor, MI
Ann Arbor, MI: $72,000 median salary, cost of living index 108, $12.48/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$72,000
$35/hr
Cost of Living
108
US avg = 100
Minimum Wage
$12.48
per hour
Unemployment
2.5%
rate
Ann Arbor, MI Overview
Population
123,851
Median Salary
$72,000
Average Salary
$80,000
Avg Commute
22 min
Median Home Price
$380,000
Median Rent
$1,500/mo
Job Growth
+2.5%
Sales Tax
6%
Ann Arbor is located in Michigan with a population of 123,851. The median household salary is $72,000 per year ($35/hour), which is $12,616 above the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +2.5%.
Ann Arbor Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Ann Arbor, MI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$55,978
$4,664.83/month · $2,153.00/biweekly · Effective Rate: 22.3%
Gross Pay
$72,000
Federal Tax
-$7,454
State Tax
-$3,060
Local Tax
$0
FICA
-$5,508
Net Pay
$55,978
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,000.00 | $72,000.00 |
| Federal Income Tax | -$621.17 | -$7,454.00 |
| Michigan State Tax (4.25%) | -$255.00 | -$3,060.00 |
| Social Security (6.2%) | -$372.00 | -$4,464.00 |
| Medicare (1.45%) | -$87.00 | -$1,044.00 |
| Net Take-Home Pay | $4,664.83 | $55,978.00 |
Salary Comparison: Ann Arbor vs Other Cities
See how Ann Arbor's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Ann Arbor, MI | $72,000 | 108 | $66,667 |
| National Average | $59,384 | 100 | $59,384 |
| Chula Vista, CA | $72,000 | 140 | $51,429 |
| Elk Grove, CA | $72,000 | 115 | $62,609 |
| Roseville, CA | $72,000 | 115 | $62,609 |
| Arvada, CO | $72,000 | 110 | $65,455 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Ann Arbor
Ann Arbor's cost of living index is 108 (national average = 100). Living in Ann Arbor is 8% more expensive than the national average.
Median Home Price
$380,000
Median Monthly Rent
$1,500
Annual Rent Cost
$18,000
Your Salary's Purchasing Power
Your $55,978 annual take-home pay in Ann Arbor has the purchasing power of approximately $51,831 in an average-cost US area. You would need to earn $77,760 in Ann Arbor to match a $72,000 salary in an average-cost city.
Top Industries in Ann Arbor
Ann Arbor's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $72,000.
Salary Tips for Ann Arbor Workers
- Research top industries. Ann Arbor's top industries include Education, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $72,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Ann Arbor, MI?
The median salary in Ann Arbor, MI is $72,000 per year, or $35 per hour. The average salary is $80,000. This is $12,616 above the national median of $59,384.
What is the cost of living in Ann Arbor, MI?
Ann Arbor's cost of living index is 108 (national average = 100), meaning it is 8% more expensive compared to the national average. The median home price is $380,000 and the median monthly rent is $1,500.
What are the best industries in Ann Arbor?
The top industries in Ann Arbor, MI include Education, Technology, Healthcare. The city has a job growth rate of 2.5% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $72,000.
How does Ann Arbor's salary compare to other cities?
Ann Arbor's median salary of $72,000 is 21.2% above the national median of $59,384. However, when adjusted for cost of living (index: 108), the real purchasing power is approximately $66,667.
What is the minimum wage in Ann Arbor, MI?
The minimum wage in Ann Arbor, MI is $12.48 per hour. This equals approximately $25,958 per year for a full-time worker (40 hours/week). This is $5.23 above the federal minimum wage of $7.25/hour.