Harper Woods, MI is a great place to live with plenty of economic opportunities. Despite being slightly more expensive than the US average for 2 bedroom rentals at $1,350 compared to $1,430, grocery costs index in Harper Woods with 91 compared to 100 in the US is lower. Many well-known companies have locations in Harper Woods such as The Kroger Co., Home Depot, Meijer Inc., Bed Bath & Beyond, and Lowe's Companies. There are also many local businesses that offer unique services and products including Macomb Stained Glass Studio, Little Lamby Boutique, and Michigan Gym Rats Basketball Academy.
Harper Woods has an unemployment rate of 5.6%. The US average is 6.0%.
Harper Woods has seen the job market decrease by -10.5% 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 Harper Woods
- The Sales Tax Rate for Harper Woods is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Harper 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 Harper Woods
- The average income of a Harper Woods resident is $24,612 a year. The US average is $37,638 a year.
- The Median household income of a Harper Woods resident is $53,555 a year. The US average is $69,021 a year.