Quick facts: Adrian, MI

Quick Facts

94.9
Cost of Living
below US average
20,442
Population
23.87
Crime Rate per 1000
above US average
$40,797
Median Income
below US average
$219,900
Median House Price
above US average
$1369.41
Average Rent
below US average
16%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $40,797.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $219,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $40,797
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Income Needed to Rent

⚠ Stretch
$59k/year
Based on $1369.41/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $59k vs median $40,797
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Adrian, MI

Adrian, Michigan, is a charming city located in Lenawee County, in the southeastern part of the state. Known for its rich history and vibrant community, Adrian serves as a hub for culture and arts in the region. The city was established in the early 19th century and has retained much of its historic architecture, with several buildings listed on the National Register of Historic Places. Home to around 17,000 residents, Adrian offers a mix of small-town ambiance and urban amenities. The downtown area features local boutiques, restaurants, and coffee shops, making it a great spot for both locals and visitors. The city is also known for its parks and recreational areas, including the scenic Adrian City Parks and the picturesque River Raisin, which provides opportunities for fishing, kayaking, and hiking. Adrian is home to several educational institutions, including Adrian College, which contributes to the youthful energy of the area. The community hosts various events throughout the year, celebrating its heritage and fostering a sense of belonging. Overall, Adrian, MI, is a welcoming city that combines history, culture, and outdoor activities, making it a delightful place to live or visit.

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