You would have to earn a salary of 64661 to maintain your current standard of living. Ad Search Assisted Living Ann Arbor. 12 Reasons To Live In Ann Arbor Michigan Mckinley Living This translates to a median price of 221 per residential square foot. Cost of living in ann arbor . The same type of job in the same type of company in Chicago IL will typically pay 61686. These estimates are based on only a few data points. Summary of cost of living in Ann Arbor Michigan. Ann Arbor homeowners pay property taxes and the state of Michigan collects income tax but workers in Ann Arbor dont pay city income tax. The renters in the city have an income of about 35243 which would make their monthly maximum allowable rental costs 822. Ad Search Assisted Living Ann Arbor. Click here to customize. Rent contributes to a large part of the overall cost of living in Ann ArborMI I try to economize by having a small apartment. Whats the cost of living in Ann Arbor MI. However An...