Troy, MI (48083) is an ideal location for anyone looking to move. It has a relatively low 2 bedroom rent rate of $1,460, which is slightly lower than the average in the US—$1,430. Additionally, Troy’s Grocery Cost Index is 98 compared to the US's 100, making it more affordable for essential items.
The city houses many well-known companies such as Flagstar Bank, Auto-owners Insurance Company, and Gordon Food Service. These businesses attract people from all over who are looking for employment opportunities with reputable companies.
Not only does Troy have a great job market but also offers plenty of recreational activities like areas for hiking and biking in Stony Creek Metropark or at scenic locations like Lake St. Clair or Chrysler Beach Park. Its melting pot of culture will also bring diversity to a person’s life that they may not experience elsewhere. All in all, Troy is an ideal place to move if you are looking for affordability and job opportunities while maintaining an exciting lifestyle.
Troy (zip 48083) has an unemployment rate of 2.9%. The US average is 6.0%.
Troy (zip 48083) 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 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Troy (zip 48083)
- The Sales Tax Rate for Troy (zip 48083) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 48083) 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 Troy (zip 48083)
- The average income of a Troy (zip 48083) resident is $31,157 a year. The US average is $28,555 a year.
- The Median household income of a Troy (zip 48083) resident is $80,222 a year. The US average is $69,021 a year.