Rochester Hills, Michigan is a great place to live with plenty of amenities and local companies to choose from. Rent for a two-bedroom apartment in Rochester Hills is slightly higher than the national average at $1,540 compared to $1,430 nationally, but the cost of groceries is slightly lower at 101 versus 100 nationally. Local companies like DTE Energy, Guardian Industries Corp., and Penske Automotive Group are popular employers in the area and provide jobs and economic stability for many people. In addition, there are plenty of shopping centers, restaurants and parks to explore in Rochester Hills.
Rochester Hills has an unemployment rate of 2.9%. The US average is 6.0%.
Rochester Hills has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Rochester Hills
- The Sales Tax Rate for Rochester Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester Hills 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 Rochester Hills
- The average income of a Rochester Hills resident is $39,394 a year. The US average is $28,555 a year.
- The Median household income of a Rochester Hills resident is $106,398 a year. The US average is $69,021 a year.