Southfield, MI, zip code 48033 is a diverse area with many local businesses and amenities. Rent for two-bedroom apartments in the area is $1,550, which is notably higher than the average US two-bedroom rent of $1,430. Southfield has an abundance of local companies such as Lear Corporation, Quicken Loans, Beaumont Health System, Oakland University, and Concentrix. The Grocery Cost Index in this area is 94 versus 100 in the US – meaning groceries are slightly less expensive in Southfield than they are on average across the United States.
Southfield (zip 48033) has an unemployment rate of 5.1%. The US average is 6.0%.
Southfield (zip 48033) 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 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Southfield (zip 48033)
- The Sales Tax Rate for Southfield (zip 48033) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southfield (zip 48033) 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 Southfield (zip 48033)
- The average income of a Southfield (zip 48033) resident is $29,952 a year. The US average is $28,555 a year.
- The Median household income of a Southfield (zip 48033) resident is $53,096 a year. The US average is $69,021 a year.