Detroit is a city in Michigan state in USA with a population of 672351 residents.. The poverty rate of Detroit is 33.2%, which is 137% higher than national average. The typical household in Detroit earns $32498 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 67.5% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Detroit are struggling financially. Nearly one in every 1 in every 7 workers in Detroit is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Detroit, only 83% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Detroit remained 14.9%, which is 217% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Detroit, only 17% of adults have a bachelor's degree and 34% have some college but no degree.

Cost of living in Detroit is 86, which is 14% lower than national average. Median home value in Detroit is $52700 , which is 77% lower than national average. While median income in Detroit remained $32498, which is 52% lower than national average.