Ann Arbor, MI Metro Area is an exciting and vibrant place to live. It is a city made up of diverse communities that come together to form one unified metropolis. Local companies range from major corporations such as Toyota and Google to smaller local businesses such as Zingerman’s Delicatessen and Big Bad Woof Pet Supply. The city also has a wide variety of attractions including the University of Michigan, the Ann Arbor Hands-On Museum, the Ann Arbor Art Fair, and classic theaters like the State Theater and Michigan Theater. With an overall cost of living index lower than the national average, reasonable rent prices, and plenty of activities to keep busy with it is no wonder why people are choosing to move to Ann Arbor Metro Area.
Ann Arbor Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
Ann Arbor Metro Area has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Ann Arbor Metro Area
- The Sales Tax Rate for Ann Arbor Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ann Arbor Metro Area 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 Ann Arbor Metro Area
- The average income of a Ann Arbor Metro Area resident is $34,258 a year. The US average is $28,555 a year.
- The Median household income of a Ann Arbor Metro Area resident is $79,198 a year. The US average is $69,021 a year.