Low living expenses and housing costs make Michigan appealing to many Millennials. If you don’t have a lot of capital but are willing to invest some time researching neighborhoods, Detroit is the place where you should be. Suburbs like Beverly Hills, Franklin, and Birmingham offer a moderate lifestyle, much different from fast-paced lifestyle that’s typically associated with cities. You can also take Ann Arbor, Novi, and Troy into consideration would you prefer purchasing outside Detroit. Retirees usually prefer to live in warmer states, whereas, Grosse Pointe Shores and Bingham Farms are quite popular among those who are up for all seasons. Both are small, nearby communities, with little-to-no crime and above-average rental prices.