Zip 48126 (Dearborn, MI) Economy


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Dearborn, MI 48126 is a great place to live for anyone looking for an affordable lifestyle. The average 2 bedroom rent in Dearborn is $1,190 as compared to the US average of $1,430 - making it a much more cost effective option. Additionally, the grocery cost index in Dearborn is 94 versus 100 in the US - providing even greater value for those living on a budget.
Dearborn is home to several well known companies such as Ford Motor Company and Visteon Corporation. The city also boasts Strongs Gourmet Popcorn, Vera's Bakery & Deli, and several other local businesses offering unique goods and services. In addition to being a great place to work, Dearborn offers plenty of recreational activities like Jasper Park and the Henry Ford Museum. There's something for everyone in this vibrant city!

Dearborn (zip 48126) has an unemployment rate of 3.6%. The US average is 6.0%.

Dearborn (zip 48126) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Dearborn (zip 48126)
- The Sales Tax Rate for Dearborn (zip 48126) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dearborn (zip 48126) 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 Dearborn (zip 48126)
- The average income of a Dearborn (zip 48126) resident is $12,027 a year. The US average is $28,555 a year.
- The Median household income of a Dearborn (zip 48126) resident is $42,103 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDearborn, MichiganUnited States
  3.66
  -10.5%-6.2%
  37.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $16,912$37,638
  $42,103$69,021
  $48,859$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.9%6.8%
  15.9%10.0%
  2.2%2.5%
  16.2%11.0%
  9.6%4.8%
  0.2%0.8%
  1.7%1.9%
  4.1%4.7%
  1.2%1.9%
  4.2%7.6%
  0.0%0.1%
  2.6%4.2%
  8.2%9.3%
  11.7%14.0%
  1.2%2.1%
  11.1%7.0%
  3.7%4.8%
  1.5%4.7%
Health