Southfield, MI is an excellent place to call home due to its proximity to Detroit, its thriving economy and affordable housing. Located in zip code 48075, Southfield is home to numerous popular businesses such as Lawrence Technological University, Henry Ford Health System and Fiat Chrysler Automobiles. There are also plenty of amenities available nearby like restaurants, shopping centers and movie theaters. The average 2 bedroom rent in Southfield is $1,380 compared to the US average of $1,430. Additionally, grocery costs are very reasonable with a grocery cost index of 95 versus 100 for the US. All these factors make Southfield a great place for residents looking for convenience and affordability.
Southfield (zip 48075) has an unemployment rate of 5.1%. The US average is 6.0%.
Southfield (zip 48075) has seen the job market decrease by -10.6% 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 48075)
- The Sales Tax Rate for Southfield (zip 48075) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southfield (zip 48075) 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 48075)
- The average income of a Southfield (zip 48075) resident is $33,131 a year. The US average is $37,638 a year.
- The Median household income of a Southfield (zip 48075) resident is $61,716 a year. The US average is $69,021 a year.