48202 Detroit, MI is a great place to find affordable rent and living costs. The average 2 Bedroom Rent in 48202 Detroit, MI is $1,090 which is much lower than the national 2 Bedroom Rent average of $1,430. Additionally, the Grocery Cost Index in 48202 Detroit, MI is 92 versus 100 in the US. This makes it an attractive location for those looking to save money on groceries. Local businesses located in 48202 Detroit,MI include McShane's Irish Pub & Whiskey Bar, JAMNBEAUX'S Bowling and Dining Lounge and Pops for Italian. With its low costs and ample local businesses, 48202 Detroit, MI is an ideal living destination for those looking to save money without missing out on life’s amenities.
Detroit (zip 48202) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48202) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Detroit (zip 48202)
- The Sales Tax Rate for Detroit (zip 48202) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48202) 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 (zip 48202)
- The average income of a Detroit (zip 48202) resident is $17,412 a year. The US average is $28,555 a year.
- The Median household income of a Detroit (zip 48202) resident is $31,269 a year. The US average is $69,021 a year.