Detroit, MI 48204 is a vibrant and exciting city to live in. Rent for a two bedroom apartment in the area is $1,010, which is much lower than the US average of $1430. Consumers can save even more money when they shop because the Grocery Cost Index for Detroit 48204 is 88 compared to 100 in the US. Living in Detroit 48204 means access to some of the best shopping, dining, and entertainment that Detroit has to offer. Local companies such as Meijer, Walmart, Target, and Whole Foods are all available nearby for convenient shopping options. For a night out on the town there are plenty of restaurants and bars around town like Stache International Beer Bar & Cafe or The Sugar House that serve great food and craft drinks. There are also numerous parks and outdoor recreation areas where residents can enjoy nature and get some exercise. Detroit 48204 provides its residents with an excellent balance of affordability, convenience, and entertainment.
Detroit (zip 48204) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48204) 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 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Detroit (zip 48204)
- The Sales Tax Rate for Detroit (zip 48204) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48204) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Detroit (zip 48204)
- The average income of a Detroit (zip 48204) resident is $16,895 a year. The US average is $37,638 a year.
- The Median household income of a Detroit (zip 48204) resident is $27,609 a year. The US average is $69,021 a year.