Highland Park, MI is an up-and-coming city located in the state of Michigan. It is known for its affordable housing with a two bedroom rent average of $980 compared to the US average of $1,430. The local cost of groceries are also below that of the national average with an index of 88 versus 100. This makes Highland Park attractive to buyers looking for a great deal.
Highland Park has many local amenities such as restaurants, retail stores, bars, and entertainment venues that make it a desirable place to live. Popular local businesses include Café Con Leche, a specialty coffee house; Steve’s Soul Food Palace for delicious southern-style comfort food; and Sukhadia’s Bakery serving authentic Indian sweets. The historic Highland Park Theater provides family entertainment and other attractions include the Detroit Institute of Arts and contemporary galleries at the Deveron Arts Project.
Highland Park has an unemployment rate of 5.6%. The US average is 6.0%.
Highland Park 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 Highland Park
- The Sales Tax Rate for Highland Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Highland Park is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Highland Park
- The average income of a Highland Park resident is $13,960 a year. The US average is $28,555 a year.
- The Median household income of a Highland Park resident is $25,189 a year. The US average is $69,021 a year.