Quick answer
Overall prices in the New York, NY metro were 112.6 vs 100.3 in Detroit, MI in 2024 (US = 100), so New York is 12.2% more expensive than Detroit; housing rents differ by 57% (148.6 vs 94.7). A $75,000 income in New York buys about what $66,828 buys in Detroit, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Detroit | New York vs Detroit |
|---|---|---|---|
| All items | 112.6 | 100.3 | +12.2% |
| Goods | 110.3 | 98.8 | +11.6% |
| Housing (rents) | 148.6 | 94.7 | +57.0% |
| Utilities | 127.0 | 107.0 | +18.7% |
| Other services | 105.8 | 102.6 | +3.2% |
| All items, 2008 | 113.5 | 100.6 | +12.8% |
| $50,000 in New York equals in Detroit | $44,552 | ||
| $100,000 in New York equals in Detroit | $89,104 | ||
| $150,000 in New York equals in Detroit | $133,656 |
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Last updated 2026-10-16. Data only, not financial or tax advice.