Gibraltar, Michigan is a small city with a population of 48173. It is located on the Detroit River in Wayne County. The city offers residents an affordable cost of living when compared to the national average. The average rental rate for a two bedroom home here is $1,130, which is significantly lower than the national average of $1,430. Similarly, the grocery cost index in Gibraltar is 95 compared to 100 nationally.
The city itself offers plenty of amenities for its residents; it has a public school system and numerous restaurants and shops. Notable companies in Gibraltar include CVS Pharmacy and Kroger Grocery Store. There are also several businesses such as insurance agencies, banks, hardware stores, and other local establishments that help make up the area's economy. On top of all this there are plenty of outdoor recreational activities to take part in due to its close proximity to Lake Erie.
Overall, living in Gibraltar Michigan proves to be an ideal location with its affordable cost of living when compared to the national norms and unique offerings that provide residents with many different opportunities both indoors and outdoors.
Gibraltar (zip 48173) has an unemployment rate of 5.6%. The US average is 6.0%.
Gibraltar (zip 48173) 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 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Gibraltar (zip 48173)
- The Sales Tax Rate for Gibraltar (zip 48173) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gibraltar (zip 48173) 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 Gibraltar (zip 48173)
- The average income of a Gibraltar (zip 48173) resident is $29,648 a year. The US average is $28,555 a year.
- The Median household income of a Gibraltar (zip 48173) resident is $78,438 a year. The US average is $69,021 a year.