Romeo, MI is a small town located about 35 miles from Detroit with an estimated population of 3,200. It offers residents a relaxed lifestyle with quality housing at a lower cost than many other cities in the area. The average two-bedroom rental is around $1,130 while the US average is $1,430. Grocery costs are also relatively low with the Grocery Cost Index in Romeo being 100, the same as the national average.
Romeo is home to local businesses like Leppek's Flower and Gifts which has been delivering fresh floral arrangements since 1895 and Jack's Apple Market where you can find locally grown apples and farm fresh produce. There are also automotive shops like Romeo Auto Repair and sales services like Little Creek Farms which offers hay, wood chips and more for sale.
Romeo (zip 48065) has an unemployment rate of 4.3%. The US average is 6.0%.
Romeo (zip 48065) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Romeo (zip 48065)
- The Sales Tax Rate for Romeo (zip 48065) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Romeo (zip 48065) 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 Romeo (zip 48065)
- The average income of a Romeo (zip 48065) resident is $31,071 a year. The US average is $28,555 a year.
- The Median household income of a Romeo (zip 48065) resident is $86,886 a year. The US average is $69,021 a year.