Quick facts: Detroit, MI
Quick Facts
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Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $37,761.
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Overview for Detroit, MI
Detroit, Michigan, known as the "Motor City," is a vibrant urban center with a rich history in the automotive industry. Founded in 1701, Detroit played a pivotal role in manufacturing and innovation, particularly during the early 20th century with the rise of Ford, General Motors, and Chrysler. The city has a diverse cultural landscape, reflected in its music scene, celebrated for the rise of Motown, jazz, and techno genres. The downtown area features skyscrapers, the Detroit Riverwalk, and renowned landmarks like the Detroit Institute of Arts and the historic Fox Theatre. Detroitβs revitalization efforts have led to a booming food scene, bustling nightlife, and a resurgence of local businesses. Parkered within The Motor City, cultural festivals, such as the Detroit Jazz Festival and Movement Electronic Music Festival, attract visitors year-round. Although the city faced economic challenges, significant improvements in infrastructure and community engagement continue to promote growth and recovery. Today, Detroit embodies resilience and creativity, making it a dynamic destination for residents and visitors alike.