If there is one word that captures the essence of Ann Arbor, it would be ‘eclectic’. Ann Arbor is a city in the U.S. state of Michigan that plays home to a plethora of different things – from tens of annual fairs, sumptuous restaurants, exotic shopping centers, and world-famous breweries, to one of America’s top universities and thriving street culture, this city has to offer something to everyone and anyone. Known as one of the best cities to raise a family in Michigan, Ann Arbor offers beautiful parks, reputed school districts, and world-class educational facilities.
Ann Arbor is truly a melting pot of cultures and arts. It is home to various performing arts, frequent live music shows, galleries, and exhibitions. From Ann Arbor Symphony Orchestra and Arthur Miller Theatre to Hill Auditorium, the city loves to preserve and showcase its cultural quirks, and offers year-round shows featuring national performers.
Besides, the downtown of Ann Arbor is exceptionally unique. Instead of being home to usual bars and fast-food joints, Ann Arbor downtown spectacles historic theaters, ageless bookstores, classic clothing shops, colorful street art, and tons of top-quality breweries and restaurants. Consistently ranked among the most livable cities in America, Ann Arbor has a vibe that is forever youthful and welcoming.
Today, more than 119,000 people call Ann Arbor their hometown. The city is best known for its world-class educational facilities, including one of America’s best universities – The University of Michigan, which is also the biggest employer in the city, employing more than 30,000 people. Given its exceptional educational standards, cultural dispensation, and recreational facilities, Ann Arbor is truly an ideal place to raise a family.
Real estate in Ann Arbor has shown an average growth of 2.62% per year since the year 2000. Besides, since 2000, the prices of homes in Ann Arbor have appreciated by 72.02%. The Ann Arbor housing market is considered to be somewhat competitive. The sale prices of homes in Ann Arbor have shown a nominal growth of 0.7% in February 2021 from the same month last year.
The median home price in Ann Arbor is $399,000. Currently, there are 556 active homes for sale in Ann Arbor, and normally it takes 77 days for a listed home to get off the market. Moreover, the average cost to rent a house in Ann Arbor is $1,726 per month. At present, there are 47,765 homes and apartments in the city, 40.5% of which are owned, and the remaining 59.5% are rented.
Ann Arbor’s economy is primarily shaped by the University of Michigan, which not only employs more than 30,000 workers – including 12,000 workers in the medical center – but also attracts other companies from around the county, thanks to its research and development funds. Besides, Ann Arbor’s economy is also driven by high-tech, health services, and biotechnology sectors. In addition, mega automakers such as General Motors also employ the city’s residents.
The city is overwhelmingly inhabited by white-collar professionals who make 92.86% of Ann Arbor’s employed workforce. Besides, the city has an unemployment rate of 3.5%, compared to the national unemployment rate of 3.7%.
On average, an Ann Arbor resident earns around $36,000 per annum, just decently higher than the US average of $28500. The city’s median household income of almost $56,835 per resident is also in line with the U.S. average of approximately $54000. Most of the residents of Ann Arbor work in manufacturing, retail, finance, education, technology, and healthcare.
Ann Arbor is covered by eight school districts encompassing 79 public schools and 26 private schools. The Ann Arbor Public Schools is the city’s major school district and is the 8th largest school district among Michigan’s 555 school districts. The district has a strong statewide reputation for academic excellence. Notable schools include Pioneer, Huron, Skyline, and Community high schools, and Ann Arbor Open School.
When it comes to higher education, few cities in America have the privilege of being home to one of the world’s best universities. Michigan enjoys this great honor by playing home to the prestigious University of Michigan (UM). The University of Michigan is Michigan’s oldest university, founded in 1817 in Detroit. UM offers doctoral degrees in the humanities, social sciences, and STEM fields (science, technology, engineering, and mathematics) as well as professional degrees in architecture, business, medicine, law, pharmacy, nursing, social work, public health, and dentistry. In 2021, the University of Michigan was ranked as the best public university in the United States. It has been called a Public Ivy – a title that reflects its superior research and teaching standards at par with the renowned Ivy League.
In a nutshell, Ann Arbor is a world in itself. It offers some of the highest living standards in America, including exceptional educational facilities, numerous parks, sublime restaurants, vintage breweries, a strong music scene, and a bustling nightlife. From kids to oldies, this city has to offer something to everyone. If you are thinking of moving to Michigan, Ann Arbor is a great place to call home.
What is the community of Ann Arbor like?
Ann Arbor is truly a melting pot of cultures and arts. It is home to various performing arts, frequent live music shows, galleries, and exhibitions. From Ann Arbor Symphony Orchestra and Arthur Miller Theatre to Hill Auditorium, the city loves to preserve and showcase its cultural quirks, and offers year-round shows featuring national performers.
Besides, the downtown of Ann Arbor is exceptionally unique. Instead of being home to usual bars and fast-food joints, Ann Arbor downtown spectacles historic theaters, ageless bookstores, classic clothing shops, colorful street art, and tons of top-quality breweries and restaurants. Consistently ranked among the most livable cities in America, Ann Arbor has a vibe that is forever youthful and welcoming.
Today, more than 119,000 people call Ann Arbor their hometown. The city is best known for its world-class educational facilities, including one of America’s best universities – The University of Michigan, which is also the biggest employer in the city, employing more than 30,000 people. Given its exceptional educational standards, cultural dispensation, and recreational facilities, Ann Arbor is truly an ideal place to raise a family.
What is Real Estate like in Ann Arbor?
Real estate in Ann Arbor has shown an average growth of 2.62% per year since the year 2000. Besides, since 2000, the prices of homes in Ann Arbor have appreciated by 72.02%. The Ann Arbor housing market is considered to be somewhat competitive. The sale prices of homes in Ann Arbor have shown a nominal growth of 0.7% in February 2021 from the same month last year.
The median home price in Ann Arbor is $399,000. Currently, there are 556 active homes for sale in Ann Arbor, and normally it takes 77 days for a listed home to get off the market. Moreover, the average cost to rent a house in Ann Arbor is $1,726 per month. At present, there are 47,765 homes and apartments in the city, 40.5% of which are owned, and the remaining 59.5% are rented.
How is the economic landscape of Ann Arbor?
Ann Arbor’s economy is primarily shaped by the University of Michigan, which not only employs more than 30,000 workers – including 12,000 workers in the medical center – but also attracts other companies from around the county, thanks to its research and development funds. Besides, Ann Arbor’s economy is also driven by high-tech, health services, and biotechnology sectors. In addition, mega automakers such as General Motors also employ the city’s residents.
The city is overwhelmingly inhabited by white-collar professionals who make 92.86% of Ann Arbor’s employed workforce. Besides, the city has an unemployment rate of 3.5%, compared to the national unemployment rate of 3.7%.
On average, an Ann Arbor resident earns around $36,000 per annum, just decently higher than the US average of $28500. The city’s median household income of almost $56,835 per resident is also in line with the U.S. average of approximately $54000. Most of the residents of Ann Arbor work in manufacturing, retail, finance, education, technology, and healthcare.
How are the schools like in Ann Arbor?
Ann Arbor is covered by eight school districts encompassing 79 public schools and 26 private schools. The Ann Arbor Public Schools is the city’s major school district and is the 8th largest school district among Michigan’s 555 school districts. The district has a strong statewide reputation for academic excellence. Notable schools include Pioneer, Huron, Skyline, and Community high schools, and Ann Arbor Open School.
When it comes to higher education, few cities in America have the privilege of being home to one of the world’s best universities. Michigan enjoys this great honor by playing home to the prestigious University of Michigan (UM). The University of Michigan is Michigan’s oldest university, founded in 1817 in Detroit. UM offers doctoral degrees in the humanities, social sciences, and STEM fields (science, technology, engineering, and mathematics) as well as professional degrees in architecture, business, medicine, law, pharmacy, nursing, social work, public health, and dentistry. In 2021, the University of Michigan was ranked as the best public university in the United States. It has been called a Public Ivy – a title that reflects its superior research and teaching standards at par with the renowned Ivy League.
Ann Arbor in a nutshell
In a nutshell, Ann Arbor is a world in itself. It offers some of the highest living standards in America, including exceptional educational facilities, numerous parks, sublime restaurants, vintage breweries, a strong music scene, and a bustling nightlife. From kids to oldies, this city has to offer something to everyone. If you are thinking of moving to Michigan, Ann Arbor is a great place to call home.