Hazel Park, MI Economy

Hazel Park, MI is an affordable city located in the greater Detroit area. The average 2 bedroom rent in Hazel Park is $1,230, significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index of 91 indicates that groceries are much cheaper than the US average of 100. There are a number of local companies such as M&M Auto Collision & Repair and Doherty Ford that have been serving members of the community for many years.

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

Hazel Park has seen the job market increase by 0.3% 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 Hazel Park
- The Sales Tax Rate for Hazel Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hazel 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 Hazel Park
- The average income of a Hazel Park resident is $17,328 a year. The US average is $28,555 a year.
- The Median household income of a Hazel Park resident is $50,871 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Hazel Park, Michigan	United States
	3.5	6
	-10.6%	-6.2%
	38.0%	33.5%
	6.0%	6.2%
	4.3%	4.6%
	$27,446	$37,638
	$50,871	$69,021
	$58,568	$85,028
Population by Occupation
	0.3%	1.2%
	0.0%	0.5%
	5.4%	6.8%
	16.7%	10.0%
	6.5%	2.5%
	10.2%	11.0%
	4.7%	4.8%
	0.3%	0.8%
	2.1%	1.9%
	3.1%	4.7%
	1.7%	1.9%
	6.1%	7.6%
	0.2%	0.1%
	3.4%	4.2%
	6.3%	9.3%
	12.4%	14.0%
	3.5%	2.1%
	8.3%	7.0%
	6.6%	4.8%
	2.2%	4.7%