The median 2 Bedroom Rent for the 48214 zip code in Detroit, Michigan is $1,130 which is significantly lower than the US median of $1,430. The Grocery Cost Index in 48214 is also lower than that of the national average at 90 versus 100. This makes Detroit a great place to live if you're looking for relatively affordable rent and groceries. Along with a low cost of living, there are plenty of local companies to work for in 48214. Companies such as Compuware Corporation, DTE Energy Company and Lear Corporation offer great opportunities to local residents.
Detroit (zip 48214) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48214) 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 48214)
- The Sales Tax Rate for Detroit (zip 48214) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48214) 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 48214)
- The average income of a Detroit (zip 48214) resident is $27,060 a year. The US average is $37,638 a year.
- The Median household income of a Detroit (zip 48214) resident is $30,313 a year. The US average is $69,021 a year.