Well known for its influence in the automotive industry, Detroit has earned its nickname “Motor City” and wears it well. Home of the big three- Ford, Chrysler and General Motors, Detroit natives have seen the ups and downs of innovation first hand. By the 1940’s, the auto industry helped make Detroit the 4th largest city in the United States, but by the late 20th century, the city’s population had begun to decline. Restructuring, suburbanization and reductions in auto worker jobs brought the population down about 60% from its peak of 1.85 million. The spirit of devoted Detroitians never faltered, however, and the strength and charisma of residents and businesses is evident as you explore today’s Motor City. In fact, the city holds true to its motto, “We Hope For Better Things; It Shall Rise From the Ashes” as massive revitalization projects, historical conservation programs, and visions of a better tomorrow take hold.
Whether you are a young professional who is searching for your future career, a mid-lifer who’s considering changing directions, or a seasoned worker who is looking for opportunities in your current field, Detroit is the place to be. With the median wage in the metro area up, poverty rates down, and the number of people without health insurance continuing to decline, the city that has seen its share of hard times during the recession is on the rebound. According to US Census reports released in the last quarter of 2017, the median household income in Detroit was $52,492 in 2016- a significant rise from when the recession took hold in 2009. And more people in Michigan are working these days. In 2009, the unemployment rate in Detroit skyrocketed, peaking at an astonishing 28% with the Great recession. But that number has decreased drastically to about 7.8% and continues to decrease as determined Detroitians rebuild their magnificent city.
Average Individual Income
Average Household Income
Comfortable housing on a budget is no longer just a dream when you move to Detroit! With an abundance of homes in all shapes and sizes available on the market at prices that will make you jump for joy, you’re certain to find your home sweet home in this city on the mend. The median home price is only around $37,200, but you can easily find homes for under $20,000 if you’re willing to use a little elbow grease. With fewer homes being built since the recession, however, and more people flocking to the area to become a part of the incredible transformation in Detroit, a shortage of available houses could be coming soon and prices are expected to rise in the near future.
Given the history of Motor City it’s no wonder that transportation is a breeze. With daily commutes of only about 23 minutes, about 85% of residents drive their own cars. If you’re looking for a different type of transportation experience, however, this city in motion has you covered there, too. Hop on the Detroit People Mover and for only about 75 cents you can zoom around downtown in no time at all. And for those who are just heading out for a quick jaunt around town, MoGo, Detroit’s bikeshare system is the way to ride. Of course there are also numerous options for ridesharing, car sharing, taxis, buses and trains in the city as well, and when it’s time to spread your wings, Detroit Metro Airport is ready and waiting.
If you’re ready to discover a city with true heart, people with passion and pride in their hometown, and devoted communities, businesses, and government agencies that are putting their best foot forward to keep the economy growing strong, pack your bags and get ready- Detroit is on the move.
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