Ann Arbor, MI is a great place to call home. With a 2 bedroom rent of $1,620 and a Grocery Cost Index of 104, it's slightly more expensive than the US average, but you get what you pay for. The city is known for its vibrant downtown area with plenty of shops, restaurants and entertainment options. You'll find well-known companies such as Google, Domino's Pizza, Toyota Technical Center and IBM as well as other smaller tech startups in the area. Ann Arbor also has a strong medical research sector including St. Joseph Mercy Health System and University of Michigan Hospitals and Health Centers. With all these amenities combined with the affordable cost of living makes 48104 Ann Arbor an ideal place to call home!
Ann Arbor (zip 48104) has an unemployment rate of 3.5%. The US average is 6.0%.
Ann Arbor (zip 48104) 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 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Ann Arbor (zip 48104)
- The Sales Tax Rate for Ann Arbor (zip 48104) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ann Arbor (zip 48104) 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 Ann Arbor (zip 48104)
- The average income of a Ann Arbor (zip 48104) resident is $33,915 a year. The US average is $28,555 a year.
- The Median household income of a Ann Arbor (zip 48104) resident is $58,082 a year. The US average is $69,021 a year.