Romulus, MI Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Romulus, MI is a small town in Michigan. It is an affordable place to live, with 2 bedroom rent costing $1,160 per month compared to the US average of $1,430. Additionally, grocery costs are lower than the US average index of 100, at 93. Despite its size Romulus has many local companies and attractions to enjoy. For example, Ford Motor Company has two manufacturing plants in the area, while Romulus also features a thriving retail center with shops such as Target and Walmart. There are a number of family-oriented activities such as bowling alleys and cinemas available for entertainment. Visitors can explore the nearby Mill Creek Golf Course or take in the sights at Lakeside Beach Park. With its excellent amenities and affordability, Romulus is an attractive destination for those looking for a new home in Michigan.

Romulus has an unemployment rate of 5.0%. The US average is 6.0%.

Romulus 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 35.9%, which is higher than the US average of 33.5%.

Tax Rates for Romulus
- The Sales Tax Rate for Romulus is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Romulus 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 Romulus
- The average income of a Romulus resident is $20,021 a year. The US average is $28,555 a year.
- The Median household income of a Romulus resident is $64,712 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRomulus, MichiganUnited States
  56
  -10.5%-6.2%
  35.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,271$37,638
  $64,712$69,021
  $74,754$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  5.2%6.8%
  21.5%10.0%
  2.5%2.5%
  9.3%11.0%
  10.1%4.8%
  1.0%0.8%
  0.6%1.9%
  4.1%4.7%
  0.9%1.9%
  3.0%7.6%
  0.1%0.1%
  4.0%4.2%
  4.4%9.3%
  14.5%14.0%
  1.4%2.1%
  5.7%7.0%
  6.2%4.8%
  5.5%4.7%
Reviews for Romulus
    See all ()

I feel safe, the city services are pretty good. Not much crime at all, but maybe a tad noisier than some places with the trains, trucks and  More

   |    Reply

Start Your Review of Romulus

Health
Compare Romulus, MI
cost of living
Compare food, housing, utilities, and more in Romulus, Michigan to any other city in the US.