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Yost Apartments For Rent in Ann Arbor, MI

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Apartments for Rent in Ann Arbor, MI

Ann Arbor, Michigan is a medium-sized city with a population of slightly less than 119,000. Young adults (15-24) will find a surplus of activities, as they make up a greater percentage of the population here (34%) than nationally (14%), while middle-aged professionals are less well-represented. Overall, the city's residents, at an average age of just over 34, skew decidedly younger than most cities in Michigan. A narrow majority of residents rent their homes (54%) as opposed to owning (46%) in Ann Arbor despite an average rent of $1,238 per month, significantly higher than the state average of $874.

Compared to the national average (7%), Ann Arbor has a large concentration of residents over the age of 25 who have advanced degrees, as 21% possess a Master's or a Doctoral degree. In addition, 16% have earned a Bachelor's degree, which also outpaces the national average. Workers are spread across a wide range of industries in Ann Arbor. The four most common are education, healthcare, scientific, and entertainment. Combined, these industries make up 35% of the city's labor force. Meanwhile, looking at job function, many of the city's workers are in management, making it the top career path in the city. With an average annual income of just over $81K, Ann Arbor workers take home about $19,000 more than their peers elsewhere in the state. Ann Arbor's average income also compares favorably to the national average ($73,345).

Ann Arbor residents have an average commute of about 22 minutes, faster than the state average of about 25 minutes. Driving a vehicle is the typical means of commuting to work, selected by 31% of commuters, while public transportation isn't used widely. Few residents (8%) walk to work, though the number is significantly higher than the national average.