Southfield, MI (48076) is located in Oakland County and has a population of over 73,000 people. This suburban city is home to many businesses such as Beaumont Health, Lawrence Technological University, Lear Corporation, and Flagstar Bank. 2 Bedroom Rent in Southfield is $1,490 which is slightly higher than the US average of $1,430. Cost of living in Southfield is relatively inexpensive with Grocery Cost Index being 97 versus 100 in the US. On average living in Southfield can be more cost effective than other parts of Michigan.
Southfield (zip 48076) has an unemployment rate of 5.1%. The US average is 6.0%.
Southfield (zip 48076) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Southfield (zip 48076)
- The Sales Tax Rate for Southfield (zip 48076) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southfield (zip 48076) 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 Southfield (zip 48076)
- The average income of a Southfield (zip 48076) resident is $29,922 a year. The US average is $28,555 a year.
- The Median household income of a Southfield (zip 48076) resident is $74,986 a year. The US average is $69,021 a year.