Metro Detroit dollars go far

Sometimes it's not about where all the wealth is. Sometimes it's what you can afford. And when it comes to affordable living (or, what a salary is worth), Metro Detroit is in the top three regions of the country. Excerpt: "One major surprise is the metro area in third place: Detroit-Warren-Livonia, Mich. This can be explained by the relatively high wages paid in the resurgent auto industry and, as we have reported earlier, a huge surge in well-paying STEM (science, technology, engineering and math-related) jobs. Combine this with some of the most affordable housing in the nation and sizable reductions in unemployment — down 5% in Michigan over the past two years, the largest such drop in the nation. This longtime sad sack region has reason to feel hopeful." Read the rest here. See the top ten here.

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Sometimes it’s not about where all the wealth is. Sometimes it’s what you can afford. And when it comes to affordable living (or, what a salary is worth), Metro Detroit is in the top three regions of the country.

Excerpt:

“One major surprise is the metro area in third place: Detroit-Warren-Livonia, Mich. This can be explained by the relatively high wages paid in the resurgent auto industry and, as we have reported earlier, a huge surge in well-paying STEM (science, technology, engineering and math-related) jobs. Combine this with some of the most affordable housing in the nation and sizable reductions in unemployment — down 5% in Michigan over the past two years, the largest such drop in the nation. This longtime sad sack region has reason to feel hopeful.”

Read the rest here.

See the top ten here.

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