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Old 02-26-2017, 07:17 PM
 
Location: Detroit
3,671 posts, read 4,811,380 times
Reputation: 2624

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According to Glassdoor,
  • Cost of Living Ratio: 50%
  • Median Base Salary: $61,500
  • Median Home Value: $123,100
  • Number of Open Jobs: 54,808
Basically confirms what many of us already know but what most outside of the region do not. Detroit is a steal for what it has to offer. Most in America might know that Detroit is affordable but what most don't know is that there are plenty of good paying jobs and world class amenities in the region. And many people think that the difference of pay on the coast actually makes up for the COL but it honestly doesn't.



Metro Detroit ranked No. 1 region where pay goes the furthest | MLive.com


If not for Detroit's negative reputation because of the inner city problems and especially the economic downturn 8 years ago, Metro Detroit would likely be slightly more expensive or slightly larger or both.
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Old 02-27-2017, 08:01 AM
 
Location: Here.
14,574 posts, read 13,316,307 times
Reputation: 17064
Shhhhhhh.......

Don't go telling everyone. They'll all start moving here.
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Old 02-27-2017, 11:19 AM
 
12,825 posts, read 20,859,153 times
Reputation: 10936
Shhhh is right. For me, discovering the D was a happy accident. Did some travel and ended up there multiple times. Typically I would lodge in SE Oakland County or SW Macomb County. I liked what I saw.

It's on my "equity bandit" short list. I promise not to bid up if I ever buy there. I want my money for other things.
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Old 02-27-2017, 11:29 AM
 
12,584 posts, read 7,626,701 times
Reputation: 4779
Quote:
Originally Posted by MS313 View Post
According to Glassdoor,
  • Cost of Living Ratio: 50%
  • Median Base Salary: $61,500
  • Median Home Value: $123,100
  • Number of Open Jobs: 54,808
Basically confirms what many of us already know but what most outside of the region do not. Detroit is a steal for what it has to offer. Most in America might know that Detroit is affordable but what most don't know is that there are plenty of good paying jobs and world class amenities in the region. And many people think that the difference of pay on the coast actually makes up for the COL but it honestly doesn't.



Metro Detroit ranked No. 1 region where pay goes the furthest | MLive.com


If not for Detroit's negative reputation because of the inner city problems and especially the economic downturn 8 years ago, Metro Detroit would likely be slightly more expensive or slightly larger or both.
Yeah....Dan Gilbert is no dummy. He snapped up all the real estate downtown because he knows its just a matter of time before property values shoot up in the core. He is not making moves based upon altruism, these are money making moves and now he really has a vested interest in the IMAGE of Detroit improving, which will not make the profitability of his holdings increase in turn.

People forget that aside from weather, what made the South attractive was that it was so cheap, once upon a time. Hey...with global weather change kicking in with 70 degree days in February.....Detroit is going to rebound good.....especially now that Chicago is getting pounded as the crime plagued city.
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Old 02-27-2017, 01:23 PM
 
41 posts, read 25,695 times
Reputation: 29
What's the story with the M1 rail line going in, in Downtown? (or at least that's what I heard - grew up in metro Detroit, been away/still am, a liftetime)
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Old 02-28-2017, 10:53 AM
 
Location: Norfolk, VA
6,502 posts, read 6,470,346 times
Reputation: 3709
Quote:
Originally Posted by Indentured Servant View Post
Yeah....Dan Gilbert is no dummy. He snapped up all the real estate downtown because he knows its just a matter of time before property values shoot up in the core. He is not making moves based upon altruism, these are money making moves and now he really has a vested interest in the IMAGE of Detroit improving, which will not make the profitability of his holdings increase in turn.

People forget that aside from weather, what made the South attractive was that it was so cheap, once upon a time. Hey...with global weather change kicking in with 70 degree days in February.....Detroit is going to rebound good.....especially now that Chicago is getting pounded as the crime plagued city.
The South is ridiculous, in terms of price. Anything here, anywhere, less than $1,000 a month in the Southeast you're rolling the dice. If I wanted crime, I could have stayed back in Ohio.
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Old 02-28-2017, 11:11 AM
 
Location: Grosse Ile Michigan
27,776 posts, read 65,700,555 times
Reputation: 32979
Quote:
Originally Posted by Napoca View Post
What's the story with the M1 rail line going in, in Downtown? (or at least that's what I heard - grew up in metro Detroit, been away/still am, a liftetime)
It is in. They are testing it. Every now and then a "train" goes by with a truck in front of it with flashing lights. They are supposed to start running in June I think.
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Old 03-02-2017, 05:22 AM
 
Location: On the brink of WWIII
21,093 posts, read 24,812,995 times
Reputation: 7812
Quote:
Originally Posted by MS313 View Post
According to Glassdoor,
  • Cost of Living Ratio: 50%
  • Median Base Salary: $61,500
  • Median Home Value: $123,100
  • Number of Open Jobs: 54,808
Basically confirms what many of us already know but what most outside of the region do not. Detroit is a steal for what it has to offer. Most in America might know that Detroit is affordable but what most don't know is that there are plenty of good paying jobs and world class amenities in the region. And many people think that the difference of pay on the coast actually makes up for the COL but it honestly doesn't.



Metro Detroit ranked No. 1 region where pay goes the furthest | MLive.com


If not for Detroit's negative reputation because of the inner city problems and especially the economic downturn 8 years ago, Metro Detroit would likely be slightly more expensive or slightly larger or both.
OUCH..I do not know anyone making $61K....probably explains why most of my friends barely make it 6 days after payday.
Our average home value is around $20K and all we have are $9.25 an hour fast food job openings...

Suppose it all depends on where you are.
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Old 03-03-2017, 02:06 AM
 
Location: Detroit
3,671 posts, read 4,811,380 times
Reputation: 2624
Quote:
Originally Posted by zthatzmanz28 View Post
OUCH..I do not know anyone making $61K....probably explains why most of my friends barely make it 6 days after payday.
Our average home value is around $20K and all we have are $9.25 an hour fast food job openings...

Suppose it all depends on where you are.
Most people with good skills/ degree and a few years of experience at the job make around $60,000 a year in Detroit. Depending on what field your in, you will make that much starting out. That's why I'm looking into skilled trades.
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