Ann Arbor is the 6th largest city in Michigan and one of the top 20 wealthiest. This city is located just southwest of Detroit and is a major contributor to the states economy. The large city has a population of 115,000. The median home value is $230,000, and the median income is around $60,000.
How does Ann Arbor make money?
The university significantly shapes Ann Arbors economy as it employs about 30,000 workers, including about 12,000 in the medical center. The citys economy is also centered on high technology, with several companies drawn to the area by the universitys research and development infrastructure.
Is Ann Arbor poor?
The poverty rate in Ann Arbor is 22.1%. One out of every 4.5 residents of Ann Arbor lives in poverty. How many people in Ann Arbor, Michigan live in poverty? 23,967 of 108,207 Ann Arbor residents reported income levels below the poverty line in the last year.
Who is the richest person in Ann Arbor Michigan?
Daniel Gilbert To put things in perspective, Daniel Gilbert, the owner and co-founder of Quicken Loans and the wealthiest man in Michigan, according to Forbes, has a net worth of $51.9 billion.
Is Ann Arbor safe?
The chance of becoming a victim of either violent or property crime in Ann Arbor is 1 in 39. Based on FBI crime data, Ann Arbor is not one of the safest communities in America. Relative to Michigan, Ann Arbor has a crime rate that is higher than 87% of the states cities and towns of all sizes.
What is the poorest country in Michigan?
shows Lake County is the poorest county in the state, despite being a summer destination which attracts thousands of visitors per year. Unemployment in Lake County is around 6.9% according to November 2017 numbers. Thats far higher than the 4% statewide unemployment rate, and the 4.1% nationwide jobless rate.
What is a good salary in Detroit?
The median household income in Detroit is $26,249, which is exactly half of the number needed to be considered rich. The totals you see from other cities are determined by that number for median household income.