Ann Arbor, MI is a city located in the state of Michigan and is home to many local businesses, attractions, and universities. The city has an estimated population of 119,000 people. Ann Arbor is known for its vibrant downtown area with numerous restaurants, cafes, bars, shops, and galleries. The University of Michigan is a major employer in the area as well as technology companies such as Google, Amazon, Adobe Systems Incorporated, Menlo Innovations LLC., and Duo Security. Another popular attraction is the Ann Arbor Hands-On Museum which features interactive exhibits for visitors of all ages. Other notable attractions include the Detroit Zoo, the Henry Ford Museum and Greenfield Village, and Matthaei Botanical Gardens & Nichols Arboretum. Renters can expect to pay around $1,630 for a two-bedroom apartment or house in Ann Arbor while the US average stands at $1,430 per month according to Numbeo’s Grocery Cost Index which rates 103 versus 100 in the US.
Ann Arbor has an unemployment rate of 3.5%. The US average is 6.0%.
Ann Arbor has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Ann Arbor
- The Sales Tax Rate for Ann Arbor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ann Arbor is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ann Arbor
- The average income of a Ann Arbor resident is $36,074 a year. The US average is $28,555 a year.
- The Median household income of a Ann Arbor resident is $73,276 a year. The US average is $69,021 a year.