Bloomfield Hills, MI is an affluent suburban area located in the Metro Detroit region. With a population of just over 3,000 people, the area offers a peaceful lifestyle with easy access to all the amenities of big city living. The 2 bedroom rent for this area is $1,360, which is slightly less than the US average of $1,430. Furthermore, Bloomfield Hills has a Grocery Cost Index of 105 compared to 100 nationally.
The local economy is driven by several notable businesses such as Taubman Centers Inc., Masco Corporation and Kelly Services Inc., to name a few. Additionally, there are many nearby attractions like The Detroit Zoo and Cranbrook Gardens that make it an ideal place for those looking to enjoy both nature and city life. Students in Bloomfield Hills also benefit from excellent educational opportunities in both public and private schools. All in all, Bloomfield Hills provides its residents with everything they need to live comfortably without sacrificing any of the advantages of living in Metro Detroit.
Bloomfield Hills (zip 48302) has an unemployment rate of 2.4%. The US average is 6.0%.
Bloomfield Hills (zip 48302) 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Bloomfield Hills (zip 48302)
- The Sales Tax Rate for Bloomfield Hills (zip 48302) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield Hills (zip 48302) 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 48302)
- The average income of a Bloomfield Hills (zip 48302) resident is $68,066 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield Hills (zip 48302) resident is $150,556 a year. The US average is $69,021 a year.