Bloomfield Hills, MI is an affluent city in Oakland County. With its rural setting, residents enjoy easy access to a variety of outdoor activities as well as plenty of shopping opportunities. The two bedroom rent in Bloomfield Hills is around $1,690 while the national two bedroom rent average is around $1,430. Grocery prices are also higher with a grocery cost index of 103 versus the national average of 100.
This area offers a mix of big businesses and smaller local companies such as PulteGroup, DTE Energy Company, Bloomfield Hills Schools, Ascension Health Care Systems and Flagstar Bank. Currently, the job market in Bloomfield Hills is healthy and offering a variety of vacancies across different industries. With its great location and diverse job offerings, Bloomfield Hills provides many opportunities for people looking for employment or wishing to start their own business.
Bloomfield Hills has an unemployment rate of 3.5%. The US average is 6.0%.
Bloomfield Hills 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Bloomfield Hills
- The Sales Tax Rate for Bloomfield Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield Hills is 4.3%. The US average is 4.6%.
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Income and Salaries for Bloomfield Hills
- The average income of a Bloomfield Hills resident is $112,977 a year. The US average is $37,638 a year.
- The Median household income of a Bloomfield Hills resident is $188,828 a year. The US average is $69,021 a year.