48238 Detroit, MI is a great place to live with rent prices that are lower than those of the US. The average two bedroom rent in 48238 Detroit, MI is only $1,040 USD per month compared to $1,430 USD across the United States. Additionally, grocery costs in 48238 Detroit, MI are much more affordable than the US average at 88 versus 100 on the Grocery Cost Index. There are plenty of local companies in 48238 Detroit, MI such as Quicken Loans Inc., Little Caesars Pizza Enterprises Inc., and Blue Cross Blue Shield of Michigan. All these businesses create jobs and opportunities for residents of 48238 Detroit, MI while keeping costs low for them.
Detroit (zip 48238) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48238) 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 48238)
- The Sales Tax Rate for Detroit (zip 48238) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48238) 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 48238)
- The average income of a Detroit (zip 48238) resident is $12,919 a year. The US average is $28,555 a year.
- The Median household income of a Detroit (zip 48238) resident is $28,701 a year. The US average is $69,021 a year.