Dearborn, MI is an ideal city for those looking to rent an affordable two-bedroom apartment. The average two-bedroom rent in Dearborn is just $1,460 per month compared to the national average of $1,430. Plus, Dearborn offers a lower grocery cost index than the US average at 94 versus 100. Located in Wayne County, this city is home to many large corporations such as Ford Motor Company, Visteon Corporation and Aramark. Additionally, there are smaller businesses that create unique shopping experiences for locals like B & B Markets and House of Hummus Middle Eastern Grocery Store. With its affordability and job opportunities, it's easy to see why folks have made Dearborn their home.
Dearborn (zip 48120) has an unemployment rate of 3.6%. The US average is 6.0%.
Dearborn (zip 48120) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Dearborn (zip 48120)
- The Sales Tax Rate for Dearborn (zip 48120) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dearborn (zip 48120) 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 Dearborn (zip 48120)
- The average income of a Dearborn (zip 48120) resident is $22,037 a year. The US average is $28,555 a year.
- The Median household income of a Dearborn (zip 48120) resident is $56,025 a year. The US average is $69,021 a year.