Detroit-Warren-Dearborn Metro Area, MI Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Michigan / Detroit-Warren-Dearborn Metro Area / Counties / Cities / Zip Codes
The Detroit-Warren-Dearborn, MI Metro Area is an attractive place to live with its relatively low rent and cost of groceries. The two bedroom rent in this area is $1,220 compared to the US two bedroom rent of $1,430. In addition, the local grocery cost index in this area is 96 versus 100 in the US. There are many great local companies in this area that provide excellent services such as Ford Motor Company, which has been producing cars since 1903; Quicken Loans, a mortgage lender; and Blue Cross Blue Shield of Michigan for health insurance. All these businesses have helped contribute to making the Detroit-Warren-Dearborn metro area a great place to live.

Detroit-Warren-Dearborn Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.

Detroit-Warren-Dearborn Metro Area 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 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Detroit-Warren-Dearborn Metro Area
- The Sales Tax Rate for Detroit-Warren-Dearborn Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit-Warren-Dearborn Metro Area is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Detroit-Warren-Dearborn Metro Area
- The average income of a Detroit-Warren-Dearborn Metro Area resident is $37,265 a year. The US average is $37,638 a year.
- The Median household income of a Detroit-Warren-Dearborn Metro Area resident is $66,878 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDetroit-Warren-Dearborn, MichiganUnited States
  4.56
  -10.6%-6.2%
  36.7%33.5%
  6.0%6.2%
  6.8%4.6%
  $37,265$37,638
  $66,878$69,021
  $86,565$85,028
  Population by Occupation
  0.3%1.2%
  0.1%0.5%
  5.2%6.8%
  19.6%10.0%
  2.3%2.5%
  10.5%11.0%
  4.1%4.8%
  0.7%0.8%
  1.4%1.9%
  4.9%4.7%
  1.6%1.9%
  7.3%7.6%
  0.2%0.1%
  4.1%4.2%
  7.0%9.3%
  14.6%14.0%
  1.8%2.1%
  6.8%7.0%
  4.3%4.8%
  3.2%4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.