The most populous city in Michigan and the largest city in the US, Detroit is more popularly known as “The Motor City.” For the home to the big three in the automobile world – The Ford Motor Company, General Motors, and Fiat Chrysler Automobiles, the name is just perfect! The city that has a rich musical heritage is a haven for music lovers. Jazz, Electronic, Rhythm & Blues, and Garage Rock are a rage here. The city has an amazing public transit system with bike lanes, pathways, and routes that runs to almost 2,300 miles. Let us now explore Detroit further and find out about the cost of living, industries, and employment in the city.

Top Industries in Detroit

The Automobile industry has been holding the top seat in Detroit and bolstering the city’s economy. Other industries boosting the economy and creating jobs are Manufacturing, Finance, Technology, Exports, and Tourism. Detroit Metropolitan Area, referred to as Metro Detroit, has about 347,000 businesses with a workforce of 2.6 million.

Top employers in Detroit

One of the nation’s big three automakers - Ford Motor Co. that manufactures and sells SUVs, automobiles, commercial vehicles, and trucks was the top employer of Detroit in 2020 with 199,000 employees. Fiat Chrysler and General Motors, the other two automakers, are next in line. Apart from these big three, Henry Ford Health System, Ilitch Holdings, Detroit Medical Center, Blue Cross Blue Shield of Michigan, DTE Energy, Quicken Loans, Arvin Innovation, and Ally Financial have been consistently adding jobs, year on year.

Top job roles in Detroit

According to the Bureau of Labor Statistics, the top job roles this year in Detroit are Chief Executives, Dentists, Anesthesiologists, Psychiatrists, General Internal Medicine Physicians, Family Medicine Physicians, Nurse Anesthetists, Obstetricians and Gynecologists, Funeral Home Managers, and Physicists.

Places in Detroit which are Employment Destinations

The neighborhoods in and around Detroit which are top employment destinations in 2020 are Corktown, Ferndale, Lafayette Park, Downtown, Royal Oak, Woodbridge, Pleasant Ridge, Midtown, Ann Arbor, Auburn Hills, Farmington, Berkley, and Birmingham.

Best things about working in Detroit

There is no scarcity of job opportunities in Detroit. In the last three years, there has been a 50% increase in the number of companies with Detroit as their headquarters. Apart from the well-established ones, there are several start-ups coming up in the Metro Detroit area. These companies pave the way for new career options for both young professionals and experienced ones. The unemployment rate in Detroit at the beginning of 2020 was 4.4%. The job growth over the next ten years is expected to be 29.3%, while the national average is 33.5%. The sales tax rate in Detroit is 6%. The median household income is approximately $31,283.

Why is Detroit a good place to live?

The city has a deep interest in art, culture, and entertainment. Several kinds of music and art shows are held during weekends. Food enthusiasts get to gorge on dishes like Square Pizza, Classic Coney Dog, Zip sauce, unique to Detroit. There are many sidewalk cafes and food trucks where you can experience a variety of authentic cuisines. There are 200 miles of hiking trails, 416 lakes in southeast Michigan, and nine state parks for outdoor adventurers. In short, Detroit has something to offer for everyone.

Now that you know all about Detroit pack your bags, move to the Motor City and make it your new home.