Grosse Pointe Farms, MI is a vibrant suburb of Detroit, located along the edge of Lake St. Clair. This charming community offers a variety of amenities, including excellent schools, shopping centers, parks and restaurants. The cost of living is slightly higher than average for Michigan; however, rent for two bedroom apartments in Grosse Pointe Farms is slightly lower than the US average at $1,610 per month. Moreover, groceries are comparably priced with the cost index in Grosse Pointe Farms matching that of the United States as a whole. Local businesses like Mancuso Motors Inc., De Luca's Restaurant & Pizzeria and Cottage Inn Pizza provide great options for entertainment and dining out. Overall, Grosse Pointe Farms is an attractive option compared to other cities in Michigan with its strong economy and unique local offerings.
Grosse Pointe Farms has an unemployment rate of 5.6%. The US average is 6.0%.
Grosse Pointe Farms 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 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Grosse Pointe Farms
- The Sales Tax Rate for Grosse Pointe Farms is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grosse Pointe Farms 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 Grosse Pointe Farms
- The average income of a Grosse Pointe Farms resident is $57,289 a year. The US average is $28,555 a year.
- The Median household income of a Grosse Pointe Farms resident is $146,667 a year. The US average is $69,021 a year.