Pleasant Ridge, MI Economy


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Pleasant Ridge, MI is a great place to live with lots of amenities for its residents. The average 2 bedroom rent is $1,850 per month, which is slightly more expensive than the US average of $1,430. Despite this difference in rent prices, grocery costs in Pleasant Ridge are actually cheaper than the national average; according to the Grocery Cost Index, prices in Pleasant Ridge are 101 versus 100 in the US. Popular local companies include Palace Cleaners & Alterations, Latitude 42 Brewing Co., and MB Hockenberry Family Chiropractic. These businesses offer high quality services at competitive prices that make living in Pleasant Ridge even more enjoyable!

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

Pleasant Ridge 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 Pleasant Ridge
- The Sales Tax Rate for Pleasant Ridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pleasant Ridge 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 Pleasant Ridge
- The average income of a Pleasant Ridge resident is $78,652 a year. The US average is $37,638 a year.
- The Median household income of a Pleasant Ridge resident is $134,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPleasant Ridge, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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