The 48215 region of Detroit, MI is an affordable and vibrant area for residents. The average rent for a two-bedroom apartment is $1,080 which is significantly lower than the U.S. average of $1,430. Additionally, grocery costs are indexed at 90 compared to the US rate of 100, making it even more affordable to live in this area. Local businesses such as Lucky's Grocery Market and Diverse Food Services provide easy access to quality groceries and products within the area. Notable activities available include Farwell Field Park where families can enjoy hike and bike trails along with basketball courts and picnic areas. In addition, Woodward Avenue Brewers offers a lively atmosphere for food and drinks as well as darts, pool tables, foosball tables and more.
Detroit (zip 48215) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48215) 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 48215)
- The Sales Tax Rate for Detroit (zip 48215) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48215) 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 48215)
- The average income of a Detroit (zip 48215) resident is $22,953 a year. The US average is $37,638 a year.
- The Median household income of a Detroit (zip 48215) resident is $30,017 a year. The US average is $69,021 a year.