Zip 48197 (Ypsilanti, MI) Economy


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United States / Michigan / Ann Arbor Metro Area / Washtenaw County / No City / Ypsilanti (zip 48197)
Ypsilanti, Michigan is a great place to call home with a population of 48,197. The 2 bedroom rent is $1,250 compared to the US average of $1,430. Grocery cost index in Ypsilanti is 98 compared to the US average of 100. The city has plenty of local businesses and companies for its residents. Some notable companies include Beezy's Cafe, Ypsi Alehouse, and Bona Sera Cafe. There are also many shops such as Homegrown Clothing Co., Rock Paper Scissors Boutique, and Vita Costumes & Vintage clothing store. Ypsilanti also offers residents unique restaurants like The Wurst Bar and Aubree's Pizzeria & Grill as well as art galleries including Riverside Arts Center and Dreamland Theater.

Ypsilanti (zip 48197) has an unemployment rate of 4.3%. The US average is 6.0%.

Ypsilanti (zip 48197) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Ypsilanti (zip 48197)
- The Sales Tax Rate for Ypsilanti (zip 48197) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ypsilanti (zip 48197) 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 Ypsilanti (zip 48197)
- The average income of a Ypsilanti (zip 48197) resident is $26,849 a year. The US average is $28,555 a year.
- The Median household income of a Ypsilanti (zip 48197) resident is $63,676 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyYpsilanti, MichiganUnited States
  4.36
  -6.3%-6.2%
  34.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $34,951$37,638
  $63,676$69,021
  $90,979$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  3.4%6.8%
  13.0%10.0%
  1.8%2.5%
  11.5%11.0%
  3.1%4.8%
  0.4%0.8%
  1.4%1.9%
  2.2%4.7%
  1.4%1.9%
  7.2%7.6%
  0.2%0.1%
  3.4%4.2%
  16.3%9.3%
  15.6%14.0%
  1.6%2.1%
  10.5%7.0%
  3.5%4.8%
  2.9%4.7%
Reviews for Ypsilanti
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Over 17 years ago

The economy here is making a huge shift, and the many thousands of people who made good livings working in the automotive industry are the ones suffering, wreaking havoc  More

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Very nice community to live in. Neighbors interact with each other. This community of older homes $120,000 to $270,000 has a Community Garden, Senior Center, pool, and  More

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