Zip 48323 (West Bloomfield, MI) Economy


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United States / Michigan / Detroit-Warren-Dearborn Metro Area / Oakland County / No City / West Bloomfield (zip 48323)
48323 West Bloomfield, MI is a great city to live in with a wonderful culture and community. The two bedroom rent in the area is around $1,850 which is slightly higher than the US average of $1,430. Grocery cost index here is 102 compared to 100 in the US. There are several local business and companies that can be found in 48323 West Bloomfield, MI including The Village at Orchard Lake Shopping Center, William & Sonoma, Zingerman's Deli and many more. For those looking for delicious food, there is no shortage of options as an array of restaurants serve cuisines from all around the world.

West Bloomfield (zip 48323) has an unemployment rate of 3.5%. The US average is 6.0%.

West Bloomfield (zip 48323) 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 38.0%, which is higher than the US average of 33.5%.

Tax Rates for West Bloomfield (zip 48323)
- The Sales Tax Rate for West Bloomfield (zip 48323) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for West Bloomfield (zip 48323) 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 West Bloomfield (zip 48323)
- The average income of a West Bloomfield (zip 48323) resident is $58,615 a year. The US average is $28,555 a year.
- The Median household income of a West Bloomfield (zip 48323) resident is $125,262 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Bloomfield, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $70,197$37,638
  $125,262$69,021
  $161,048$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  4.4%6.8%
  11.1%10.0%
  0.8%2.5%
  10.3%11.0%
  0.9%4.8%
  0.1%0.8%
  1.8%1.9%
  8.6%4.7%
  2.8%1.9%
  16.3%7.6%
  0.0%0.1%
  2.2%4.2%
  9.4%9.3%
  19.6%14.0%
  1.0%2.1%
  3.0%7.0%
  4.6%4.8%
  2.9%4.7%
Health