Michigan · Midwest · 16k residents
Grosse Pointe Woods, MI: economy, jobs & business costs
The site-selection read on Grosse Pointe Woods: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,362/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Grosse Pointe Woods side by side
Avg. weekly wage
$1,362/wk
Corporate income tax
6%
Bachelor's degree or higher
65.1%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Grosse Pointe Woods's economy is moving, ranked against the US cities we track.
56/100
Steady
Ranks Grosse Pointe Woods's residential building-permit growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $342,100 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,879/mo |
| 2-bedroom rent | $2,323/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,362/wk |
| Bachelor's degree or higher | 65.1% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $125,570 |
| Wage: Registered nurse | $94,300 |
| Wage: General manager | $99,530 |
| Wage: Customer service | $43,950 |
| Wage: Warehouse worker | $35,930 |
| Wage: Heavy truck driver | $57,180 |
| Wage: Electrician | $76,270 |
| Wage: Retail salesperson | $34,640 |
| Cost of living index | 107 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $126,395 |
| Unemployment rate | 4.1% |
| Population | 16k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 82°F |
| January low | 17°F |
| Annual snowfall | 28 in |
| Home price YoY | +3.2% |
| Home price MoM | -0.1% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | 0.0% |
| Ocean coast | 482 mi |
| Big lake | 8 mi |
| Mountains | 313 mi |
| Major airport | 28 mi |
| Ski resort | 211 mi |
Popular comparisons
Nearby
- Harper Woods, MI · 15k
- St. Clair Shores, MI · 58k
- Eastpointe, MI · 34k
- Roseville, MI · 47k
- Warren, MI · 138k
Similar size
- Grandville, MI · 16k
- Traverse City, MI · 16k
- Mount Clemens, MI · 16k
- Northview, MI · 15k
- Berkley, MI · 15k
Real listings in Grosse Pointe Woods
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Grosse Pointe Woods a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,362/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Grosse Pointe Woods, MI?
- Grosse Pointe Woods indexes at 107 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,323/mo and a acs median home value of $342,100.
- How much does a house cost in Grosse Pointe Woods?
- The acs median home value in Grosse Pointe Woods is $342,100 (Census ACS estimate; individual listings vary).
- How much is rent in Grosse Pointe Woods?
- A two-bedroom in Grosse Pointe Woods rents for about $2,323/mo.