South Detroit, SD is an attractive destination for those looking to save on living costs. The average two bedroom rent in the city is only $820, which is far lower than the US average of $1,430. Furthermore, grocery costs in South Detroit are 97 versus 100 in the US index; this means groceries are slightly cheaper than the national average. This makes it a great destination for those travel enthusiasts trying to save money on their travels or those looking to start a new life at a low price. The city also offers lots of activities and great local companies such as the South Detroit Auto Group and South Detroit Technology Solutions Inc., making it a great place to settle down. All in all, South Detroit offers excellent value for money when it comes to housing costs and making it highly desirable for many potential renters.
South Detroit has an unemployment rate of 3.0%. The US average is 6.0%.
South Detroit has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for South Detroit
- The Sales Tax Rate for South Detroit is 6.5%. The US average is 7.3%.
- The Income Tax Rate for South Detroit is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for South Detroit
- The average income of a South Detroit resident is $48,906 a year. The US average is $37,638 a year.
- The Median household income of a South Detroit resident is $0 a year. The US average is $69,021 a year.