Allen Park, MI is a great place to live and work. The city offers affordable rental prices at $1,240 for 2 bedroom apartments which is significantly less than the national average of $1,430. Additionally, grocery costs in Allen Park are lower than in the US with an index of 93 compared to 100 nationally. Local companies include Ford Motor Company, Apollo Plastics, and Adient Automotive Interiors. Ford Motor Company has been operating in Allen Park since 1957 and employs thousands of people in the area. Apollo Plastics provides high quality plastic products used throughout the industry for various applications while Adient Automotive Interiors provides seating solutions for passenger vehicles. These companies bring wealth and employment opportunities to the citizens of Allen Park as well as create vibrancy in the local community.
Allen Park has an unemployment rate of 3.6%. The US average is 6.0%.
Allen 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 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Allen Park
- The Sales Tax Rate for Allen Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Allen Park 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 Allen Park
- The average income of a Allen Park resident is $28,866 a year. The US average is $28,555 a year.
- The Median household income of a Allen Park resident is $69,455 a year. The US average is $69,021 a year.