Dearborn, MI is a great place to live with a wide variety of attractions and activities. The 2 bedroom rent rate in Dearborn is $1,310 making it more affordable than the US average of $1,430. In addition the Grocery Cost Index in Dearborn is 98 versus 100 in the US providing great value for money.
The city has lots to offer its population with many notable companies such as Ford Motor Company headquarters, The Henry Ford Museum, The Arab American National Museum and Greenfield Village all based in Dearborn. It also offers plenty of outdoor activities nearby such as the Lower Huron Metropolitan Park located along Lake Erie or Oakwood Common Park with trails and play areas for families. For those looking for something closer to home there are also local events taking place throughout the year such as the Dearborn Homecoming Festival or Dearborn's Fourth of July Parade.
Dearborn (zip 48124) has an unemployment rate of 3.6%. The US average is 6.0%.
Dearborn (zip 48124) has seen the job market decrease by -10.5% 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 48124)
- The Sales Tax Rate for Dearborn (zip 48124) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dearborn (zip 48124) 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 48124)
- The average income of a Dearborn (zip 48124) resident is $38,171 a year. The US average is $37,638 a year.
- The Median household income of a Dearborn (zip 48124) resident is $75,504 a year. The US average is $69,021 a year.