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Moving to Detroit

Detroit is by far the largest city in Michigan. It's a distinct city that has all the amenities of a large metropolitan area, but with a lower cost of living compared with many other U.S. cities.

Its identity is very much a result of its eventful history. Once synonymous with the automotive industry, the economy of today's Detroit is much more diverse, as is its identity, in general. Let's not forget it's the birthplace of multiple music genres, including Motown and Techno.

Like most Midwest cities, it has a welcoming atmosphere and a great sense of community. However, moving is a difficult undertaking, no matter how welcoming a city may be. Read on to learn more about what to expect if you're thinking about making Detroit your new home.

Cost of Living in Detroit, Michigan

According to PayScale, the cost of living in Detroit, Michigan, is 5% higher than the national average. However, living here will cost you less than many other major U.S. cities. The median home price in Detroit is $77,200, while the average rent is approximately $1,211 per month.

If you're looking to move to Detroit, renting a self-storage unit for your extra belongings can make for a much smoother relocation process. Storage units in Detroit often offer 24 hour access and video surveillance for added convenience. And if you need to store sensitive items, like artwork, consider renting a climate controlled unit with temperature and humidity regulation.

Economy and Job Market in Detroit

Located in the Rust Belt, Detroit's economy historically depended on manufacturing, especially automotive manufacturing. It's the home of General Motors (GM), the largest auto manufacturer in the United States, with brands like Cadillac, Chevrolet, and Buick in their catalog. Other automotive giants with headquarters in the Detroit area include Ford and Chrysler.

Today, finance and technology are some of the most promising sectors in Detroit; it's a great environment for startup companies. And for product-focused businesses, storing inventory in a Detroit self-storage unit can help you save on warehouse costs.

Some of the largest and most prominent employers in the area include:

• Deloitte
• PricewaterhouseCooper (PwC)
• KPMG
• Ernst & Young (EY)
• Fifth Third Bank
• Rocket Mortgage
• Ally Financial

Advancing Your Education in Detroit

Are you looking to advance your education while living in Detroit? You'll have the opportunity to get a degree from one of several highly rated colleges and universities in the area, such as:

• University of Detroit Mercy
• Wayne State University
• College for Creative Studies

Detroit Neighborhoods and Suburbs

Picking where to live in a new city can be tough. To help you narrow down your decision, we've compiled a list of the most desirable neighborhoods to live in Detroit:

Bagley

Despite the housing in this neighborhood being mostly single-family homes, Bagley offers a unique blend of affordability and density. Its proximity to vibrant commercial strips is a huge plus for those who prefer walking to local restaurants and shops versus driving and parking.

Hamtramck

Hamtramck is an affordable neighborhood with a variety of housing options. It's a cultural hub that translates to a unique energy and diverse food options. One of the biggest attractions is Joseph Campau Street, a commercial strip with distinct early 20th century architecture.

Corktown

Corktown is a historic neighborhood located just west of downtown Detroit. It's the oldest existing neighborhood in the city. It has single family homes for those looking to buy as well as apartments for newcomers who would prefer to rent. And like most neighborhoods close to downtown, it has plenty of restaurants, shops and local bars.

Midtown

Also close to Downtown Detroit, Midtown is anchored by Wayne State University and the Detroit Institute of Arts. It is an ideal location for you if you prefer walking to driving.

Rosedale Park/North Rosedale Park

This neighborhood is ideal for those who want to live in the city but not be close to the hustle and bustle of a downtown area. And because of its location, the primary housing option is single-family homes, making it one of the best neighborhoods in Detroit for families.

Detroit Suburbs

Detroit is a sprawling metro area, which means you can experience many of the things offered in the city in the suburbs. Some of the most desirable Detroit suburbs include:

• Southfield
• Royal Oak
• Dearborn
• Oak Park
• Livonia
• Eastpointe
• Madison Heights

Get a storage unit near your new Detroit home to make the move less stressful.