Detroit, Michigan Overview Detroit, Michigan is currently home to over 680,000 people. The Metro area is considered a ...
Detroit, Michigan Overview
Detroit, Michigan is currently home to over 680,000 people. The Metro area is considered a transportation, business and cultural hub that best represents the city's intense history. In the 1950s, Detroit's economy was at an all-time high due to the boom of the automobile industry. Rapid expansion of the city continued for several decades until the large manufacturing companies left and expanded their services in other parts of the country.
Since then, the city has been unable to cope with employment trends for Detroit jobs. This was apparent in the decline in population, failed property tax payments and the declaration of financial emergency by the state's governor in March of 2013.
The cost of living in Detroit, MI is 27percent lower than the national average. Out all the essential living components, housing costs are the lowest compared to other states, coming in at 79 percent. This is due to the vast local majority who were unable to pay property taxes in 2013. Utilities and transportation rank slightly higher than the national average because of the city's inability to maintain its infrastructure. Heath and grocery costs are generally on par with other progressive cities.
Detroit Job OpportunitiesEngineering jobs in Detroit, MI are common, along with education. There are numerous large companies that have an established branch in the city. A growing arts scene has produced a need for musicians, painters and promoters. Salaries for such positions are generally lower compared to other major cities. Detroit jobs in the health and medical center are in demand due to the city's below-average living conditions and exposure to unpredictable weather. Search for Dearborn jobs nearby if Detroit doesn't have what you're looking for.
Detroit Employment Trends
Employments trends in Detroit are steadily increasing. The professional and business sector is experiencing job growth of 0.7 percent. Since 2010, the industry has superseded their employment goals. The mining and logging sector's contribution to the local economy includes 1,700 new jobs over the year. Jobs in Detroit continue to increase as it lands a spot as one of the nation's 12 largest metropolitan statistical areas in June 2014.
Detroit, MI jobs in the government sector have decreased substantially, with a 1.7 percent loss in June 2014. Another sector that reported a decline in employment is leisure and hospitality. Over the year (2013-2014), the industry fell by 0.6 percent. The decline in tourism started in November 2013 and is still continuing to affect the city's general economic status.