48226 Detroit, MI is a city located in Wayne county that offers affordable housing options while providing access to local companies and attractions. The average rent for a two bedroom apartment in the area is $1,860, which is significantly lower than the average two bedroom rent of $1,430 across the United States. Additionally, the Grocery Cost Index is 90 versus 100 in the US – showing that not only does 48226 offer more affordable living but also provides access to cheaper daily items.
Some well known companies located within 48226 are Quicken Loans CityLoft, Ford Motor Company World Headquarters, Livernois Avenue of Fashion, Fox Theatre and Red Bull House of Art. Further attractions include Hitsville U.S.A., Detroit Institute of Arts (DIA), Charles H Wright Museum of African American History and Michigan Science Center. Together these companies and attractions make 48226 one of most culturally diverse cities in Michigan with many opportunities for residents to explore its history and take advantage of its financial benefits.
Detroit (zip 48226) has an unemployment rate of 9.6%. The US average is 6.0%.
Detroit (zip 48226) has seen the job market increase by 0.7% 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 48226)
- The Sales Tax Rate for Detroit (zip 48226) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Detroit (zip 48226) 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 48226)
- The average income of a Detroit (zip 48226) resident is $36,372 a year. The US average is $28,555 a year.
- The Median household income of a Detroit (zip 48226) resident is $75,236 a year. The US average is $69,021 a year.