Rochester Hills, Michigan is a great place to live with plenty of activities and amenities for its population of 48,306. Rent for a two bedroom apartment in this city costs $1,280 per month on average, making it more affordable than the U.S. average of $1,430. Additionally, grocery costs are also lower than the national index which is 100 – here it’s 103. This makes Rochester Hills an attractive option for those looking for reasonable prices for housing and food. This city has several major employers including Mercedes-Benz Financial Services USA LLC, Penske Automotive Group Inc., Dura Automotive Systems Inc., and Lincor Solutions Inc., providing ample job opportunities for its residents. With plenty of employment opportunities and affordable prices, Rochester Hills is a great choice for anyone looking to settle down in Michigan.
Rochester Hills (zip 48306) has an unemployment rate of 2.9%. The US average is 6.0%.
Rochester Hills (zip 48306) 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 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Rochester Hills (zip 48306)
- The Sales Tax Rate for Rochester Hills (zip 48306) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester Hills (zip 48306) 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 Rochester Hills (zip 48306)
- The average income of a Rochester Hills (zip 48306) resident is $52,403 a year. The US average is $28,555 a year.
- The Median household income of a Rochester Hills (zip 48306) resident is $161,851 a year. The US average is $69,021 a year.