Ohh lets play game shall we
View attachment 7710
- Gross domestic product (GDP) in the Detroit Region has reached a peak in 2022 from the past five years, outpacing national growth rates.
- Employment, educational attainment, and income are trending in a positive direction.
- Leaks persist in the Region’s talent pipeline, with enrollment and degree completion down.
- The Detroit Region consistently ranks as one of the most affordable locations, based on cost of living and rental rates—40% lower than the coasts.
- One of the nation’s most populous regions and largest economies, the Detroit Region has shown resiliency over the past few years, including record–low unemployment and increased employment along with growth in household income. Despite the overall strong economic performance, the Region’s population growth has been relatively stagnant, lagging the national rate.
- One of the largest economies is the Detroit Region, which is growing. Its gross domestic product, $322.6 billion, has outpaced national growth rates in the past five years.
- Median household income in the Detroit Metro grew by 6.1% year-over-year to $71,265 but remains below the national average of $74,755 in 2022.
- The Region’s annual unemployment rate reached a 20-year record low at 3.7%, nearly matching the national rate in 2023.
- There were 5.4 million residents in the Detroit Region in 2023, which had a growth rate (0.3%) that lags the national rate (1.9%) in the past five years.
- Domestic companies invested $4.4 billion in the Region compared to international companies at $4.6 billion in the past five years. The top countries were the U.K. ($2B), Canada ($634M), Germany ($580M), and Japan ($158M).
- The Detroit MSA ranked as one of the largest national export markets (#10), with exported goods valued at more than $43.6 billion in 2022, which notably increased by 14.7% in one year.
- The vacancy rates for office and industrial real estate remain steady in the Detroit Region but lower than national rates, especially for the industrial market, which has been operating at near capacity for almost a decade.
- The Detroit Region has a workforce of 2.6 million in 2023, which has increased an average of 3.0% year-over-year in the past five years.
- Occupational wages increased significantly, by 16.0%, over the past five years in the Detroit Region.
- The highest-paying occupations in 2023 were in management, legal, and computer and information technology.
- The percentage of residents 25 and older with an associate degree or higher has grown by 2.6 percentage points since 2018. The Region’s educational attainment rate of 43.6% is near the national rate of 44.5%.
- Detroit is one of the most affordable U.S. metros, with the cost-of-living index (COLI) ranking the fourth lowest among major metros (4 million population or more) in 2023.
- The median rent in the Detroit MSA ranks has one of the most affordable out of the most populous U.S. metros in 2023, with rents 42% lower than San Francisco, 40% lower than New York, and 40% lower than Boston MSAs.
- The median home value in the Detroit Region increased significantly at 42.9% over the past five years but remains affordable, with prices nearly $59,000 lower than the national average in 2022.
- 69.7% of lane miles of roads assessed in the Detroit Region were considered in good or fair condition, an increase of 12.7 percentage points in the past five years, with a notable decrease in roads in poor condition.
- Annual passengers at the Detroit Metro Airport (DTW) have increased notably in one year to 28.6 million passengers in 2023 but are still lower than the pre-pandemic peak in 2019 by 14.4%.
- Public transit ridership has recovered to 57% of pre-pandemic levels in 2023, increasing 16.7% from 2022.
Did you read any of that? Whomever wrote it was obviously trying hard to present Detroit as "almost" as well off as the average US City.
Besides, I'm not putting down Detroit, just mocking the Mayors Outlook obviously prioritizing the privately owned sports teams.
Mayor of Detroit
“Detroit just hosted the largest NFL Draft in history, the Tigers are back in the playoffs, the Lions are headed to the Super Bowl, crime is down and our population is growing,” Detroit Mayor Mike Duggan wrote in a tweet. “Lots of cities should be like Detroit. And we did it all without Trump’s help.”
For what its worth Dan Cambell and Malcom Rodriguez do make the lions a nice NFL side follow.