Romulus, MI is a city in Wayne County with a population of 48174. Its cost of living is lower than the US average, as 2 bedroom rent is $1,200 compared to the US average of $1,430 and its grocery cost index is 93 versus 100 in the US. The local economy is bolstered by businesses such as Meijer – a retail store selling groceries, clothing and home goods – and Michigan Aerospace Corporation (MAC) – an aerospace engineering and manufacturing company. There are also several restaurants in the area such as Kulish's Kitchen offering classic American cuisine and Little Caesars serving up pizza. Overall, Romulus offers residents a lower cost of living combined with great local amenities.
Romulus (zip 48174) has an unemployment rate of 5.0%. The US average is 6.0%.
Romulus (zip 48174) has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Romulus (zip 48174)
- The Sales Tax Rate for Romulus (zip 48174) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Romulus (zip 48174) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Romulus (zip 48174)
- The average income of a Romulus (zip 48174) resident is $28,257 a year. The US average is $37,638 a year.
- The Median household income of a Romulus (zip 48174) resident is $58,558 a year. The US average is $69,021 a year.