Birmingham, MI Economy


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\nBirmingham, MI is an attractive city for many reasons. It has a relatively low 2 bedroom rent of $1,800 compared to the US average of $1,430. This makes it an affordable place to live. Additionally, the Grocery Cost Index in Birmingham is 105 versus 100 in the US. This shows that groceries are slightly more expensive than in other areas but still affordable. There are many companies located in the city such as Bloomfield Hills School District, PulteGroup Inc., and Berkshire Hathaway HomeServices Michigan Real Estate. Birmingham also offers excellent entertainment opportunities with its popular plays at The Birmingham Theatre and art galleries like 111 Gallery & Frame Shop. Furthermore, it's close proximity to Detroit makes it a great choice for commuters who want access to both cities. All of these factors combined make Birmingham a great option for potential homebuyers or renters looking for an affordable yet exciting place to live.

Birmingham has an unemployment rate of 3.5%. The US average is 6.0%.

Birmingham has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Birmingham
- The Sales Tax Rate for Birmingham is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Birmingham 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 Birmingham
- The average income of a Birmingham resident is $95,220 a year. The US average is $37,638 a year.
- The Median household income of a Birmingham resident is $137,907 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBirmingham, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $95,220$37,638
  $137,907$69,021
  $205,341$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  4.4%6.8%
  19.2%10.0%
  2.9%2.5%
  6.6%11.0%
  0.6%4.8%
  0.3%0.8%
  1.8%1.9%
  7.8%4.7%
  4.2%1.9%
  18.6%7.6%
  0.4%0.1%
  2.6%4.2%
  5.0%9.3%
  13.9%14.0%
  2.8%2.1%
  3.4%7.0%
  2.5%4.8%
  2.5%4.7%
Reviews for Birmingham
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I have lived here 20 years and have had enough! Too cold for me, other than that I have no  More

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Birmingham has all the benefits of a big city, with none of the negatives. It has that urban feel with a small town charm. We walk to restaurants, library, movie  More

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Over 16 years ago

Very enjoyable, excellent walking community with charming downtown and path through woods by the river. Great selection of dining establishments, mutiple outdoor  More

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