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Detroit, MI 48205 has a population of approximately 34,620 and experiences a population change rate of -48.34%. The population density is 5,423.8 / sq mi .
The median household income for Detroit, MI 48205 is $39,988, with 12,504 households and an average household size of 2.52.
The median value of a home in Detroit, MI 48205 is $53,800 with an appreciation rate of 9.70%. 22.91% of housing in the state is owned while 47.41% is rented.
The cost of living in Detroit, MI 48205 is 95.3 %.
The unemployment rate in Detroit, MI 48205 is 2.40%, and recent job growth is at 1.22%. Future job growth is projected at 45.94%.
The sales tax rate in Detroit, MI 48205 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Detroit, MI 48205 are $13,771, and the school ratio is 17.7:1.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 33.5 inches per year, with 30.5 inches of snow per year.
