48221 is a zip code located in Detroit, Michigan. According to the content above, 2 bedroom rent in this area costs $1,070 while the US average for rent costs $1,430. Grocery cost indices in this area are at 90 versus 100 in the US. This makes 48221 an affordable place to live with relatively lower cost groceries compared to other parts of the country. Businesses located in 48221 include Family Dollar, Speedway gas station, and McDonald’s. There are also several small businesses located here such as Aaliyah's Boutique & Hair Studio, Miller Auto Repair, and Paulson Bakery Café. Thus, no matter what goods or services you need there is likely a local business ready to serve you within 48221 Detroit.
Detroit (zip 48221) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48221) 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 48221)
- The Sales Tax Rate for Detroit (zip 48221) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48221) 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 48221)
- The average income of a Detroit (zip 48221) resident is $26,044 a year. The US average is $37,638 a year.
- The Median household income of a Detroit (zip 48221) resident is $46,209 a year. The US average is $69,021 a year.