Grosse Pointe Woods, MI Economy

Grosse Pointe Woods is a city located in Michigan, located 13 miles north of Detroit. It’s home to a number of major companies such as General Motors, St. John’s Providence Health System, and ITC Holdings Corporation. The cost of living in Grosse Pointe Woods is slightly higher than the national average; for example, the median two-bedroom rent is approximately $1,610 compared with the US median two-bedroom rent price of $1,430. The Grocery Cost Index for Grosse Pointe Woods is also equal to that of the national average at 100.

Grosse Pointe Woods has an unemployment rate of 5.6%. The US average is 6.0%.

Grosse Pointe Woods 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 Grosse Pointe Woods
- The Sales Tax Rate for Grosse Pointe Woods is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grosse Pointe Woods 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 Grosse Pointe Woods
- The average income of a Grosse Pointe Woods resident is $40,762 a year. The US average is $28,555 a year.
- The Median household income of a Grosse Pointe Woods resident is $115,247 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Grosse Pointe Woods, Michigan	United States
	5.6	6
	-10.5%	-6.2%
	35.0%	33.5%
	6.0%	6.2%
	4.3%	4.6%
	$54,028	$37,638
	$115,247	$69,021
	$136,970	$85,028
Population by Occupation
	0.2%	1.2%
	0.1%	0.5%
	4.2%	6.8%
	13.1%	10.0%
	2.9%	2.5%
	5.4%	11.0%
	2.6%	4.8%
	0.8%	0.8%
	2.7%	1.9%
	7.5%	4.7%
	4.0%	1.9%
	11.2%	7.6%
	0.1%	0.1%
	0.9%	4.2%
	11.0%	9.3%
	17.9%	14.0%
	2.9%	2.1%
	3.8%	7.0%
	2.8%	4.8%
	5.8%	4.7%