Economy

Print Friendly and PDF

Regional Detroit Economic Indicators

Gross Domestic Product (Up 14% over 2009)2013: 213,258M
Unemployment (Down 5.0% from July 2010)July 2014: 9.4%
Personal Income per Capita (Up 6% over 2010)2011: $36,884
Patents Granted2013: 3,899
Educational Attainment (Bachelor's Degree or Higher)2012 5-yr est.: 27.6%
Exports2013: $53.9B
Construction Permits (SEMCOG region)2014 : 7,918

The Detroit region’s housing market proves to be very affordable. Detroit ranks in the top 10 for metro areas with most affordable homeownership, according to a 2014 Trulia report. Additionally, the region’s recovery in the housing market has been strong with the number of home sales increasing since 2011.

Median Housing Values, 2013

County/Metro AreaMedian House Value, 2013Median Gross Rent Value, 2013
Genesee County$91,700 $701
Lapeer County$137,600 $772
Lenawee County$116,900 $728
Livingston County$183,100 $904
Macomb County$123,100 $831
Monroe County$139,100 $782
Oakland County$170,500 $913
St. Clair County$121,600 $703
Shiawassee County$108,300 $644
Washtenaw County$198,400 $924
Wayne County$86,800 $782
Source: U.S. Census Bureau, American Community Survey

How Can We Help?
Your Name (required)

Your Email (required)

Subject

Your Message

Input the Letters
captcha

How Can We Help?
Your Name (required)

Your Email (required)

Subject

Your Message

Input the Letters
captcha

Gold Members