Zip 48030 (Hazel Park, MI) Economy


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Hazel Park, Michigan is a vibrant city located in Oakland County. The population of 48030 Hazel Park is approximately 16,422 residents, making it an ideal size for those looking for an intimate yet engaging community to call home. The average 2 bedroom rent in Hazel Park is $1,280 per month, which is much lower than the US average of $1,430 per month. Additionally, the grocery cost index in Hazel Park is 91 versus 100 in the US - meaning you can purchase more groceries with less money! In addition to its affordability, there are a variety of great local businesses and attractions that make this city an excellent place to live. Great places to visit include The Ravens Club Bar & Grill for delicious food and drinks, Brewster’s Ice Cream & Desserts for yummy treats, and Hazel Park Raceway for exciting horse racing events. With so many things to do and places to explore, Hazel Park offers something special for everyone.

Hazel Park (zip 48030) has an unemployment rate of 3.5%. The US average is 6.0%.

Hazel Park (zip 48030) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Hazel Park (zip 48030)
- The Sales Tax Rate for Hazel Park (zip 48030) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hazel Park (zip 48030) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hazel Park (zip 48030)
- The average income of a Hazel Park (zip 48030) resident is $17,328 a year. The US average is $28,555 a year.
- The Median household income of a Hazel Park (zip 48030) resident is $50,871 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHazel Park, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,446$37,638
  $50,871$69,021
  $58,568$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  5.4%6.8%
  16.7%10.0%
  6.5%2.5%
  10.2%11.0%
  4.7%4.8%
  0.3%0.8%
  2.1%1.9%
  3.1%4.7%
  1.7%1.9%
  6.1%7.6%
  0.2%0.1%
  3.4%4.2%
  6.3%9.3%
  12.4%14.0%
  3.5%2.1%
  8.3%7.0%
  6.6%4.8%
  2.2%4.7%
Health