48304 Bloomfield Hills, MI is an affluent city located in the Oakland County area of Michigan. The two bedroom rent for this area is around $1,700. This is higher than the national average of $1,430. The Grocery Cost Index in 48304 Bloomfield Hills, MI is 103 versus 100 in the US. Some popular local companies include Ford Motor Company, Domino's Pizza International and Dow Chemical Company. These businesses are major employers of the residents living in this area and are important contributors to its economy.
Bloomfield Hills (zip 48304) has an unemployment rate of 2.4%. The US average is 6.0%.
Bloomfield Hills (zip 48304) has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Bloomfield Hills (zip 48304)
- The Sales Tax Rate for Bloomfield Hills (zip 48304) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield Hills (zip 48304) 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 Bloomfield Hills (zip 48304)
- The average income of a Bloomfield Hills (zip 48304) resident is $83,225 a year. The US average is $37,638 a year.
- The Median household income of a Bloomfield Hills (zip 48304) resident is $131,270 a year. The US average is $69,021 a year.