GITNUX MARKETDATA REPORT 2024

Detroit Statistics: Market Report & Data

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Detroit is the 24th largest city in the US with a population of about 647,786 in 2021.

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The median household income in Detroit is $34,009, far below the national average.

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Almost 33% of Detroit's population lives below the poverty line.

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Detroit was once the fourth largest city in America, peaking at a population of 1.8 million in 1950.

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Detroit's racial distribution is 78.6% Black, 12.7% white, 7.6% Hispanic, 0.8% Asian.

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In January 2020, Detroit's unemployment rate was 9.3%, above the national average.

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In 2018, Detroit had the highest crime rate in the United States for cities with over 200,000 residents.

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Detroit has lost nearly half of its population since peaking in 1950. It's estimated to have about 670,000 residents today.

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Detroit is nicknamed the "Motor City" because it was once the hub of American automobile manufacturing.

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The Detroit Lions are one of four NFL teams that have never appeared in a Super Bowl.

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As of December 2021, the Detroit housing market showed a 13.1% increase in the median sale price year over year.

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Around 36% of households in Detroit are built before 1939.

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Detroit has around 105.91 square miles of land area.

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Only 13.6% of Detroit adults aged over 25 have a Bachelor's degree.

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Over 21% of Detroit's population is under 18.

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Detroit's health care and social assistance industry employs some 48,678 people.

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The life expectancy at birth in Detroit (72.2 years) is lower than the U.S. average (78.5 years).

Statistic 18

The unemployment rate in the Detroit-Warren-Dearborn Metropolitan area as of October 2021 is 4.2%

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In this post, we will explore a comprehensive overview of statistics pertaining to Detroit, shedding light on various aspects including demographics, economic indicators, historical trends, and social factors. From population figures and income levels to crime rates and educational attainment, these statistics offer a detailed portrait of the Motor City’s current situation and past developments. Join us as we delve into the data to gain a deeper understanding of Detroit’s unique position within the United States.

Statistic 1

"Detroit is the 24th largest city in the US with a population of about 647,786 in 2021."

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Statistic 2

"The median household income in Detroit is $34,009, far below the national average."

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Statistic 3

"Almost 33% of Detroit's population lives below the poverty line."

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Statistic 4

"Detroit was once the fourth largest city in America, peaking at a population of 1.8 million in 1950."

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Statistic 5

"Detroit's racial distribution is 78.6% Black, 12.7% white, 7.6% Hispanic, 0.8% Asian."

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Statistic 6

"In January 2020, Detroit's unemployment rate was 9.3%, above the national average."

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Statistic 7

"In 2018, Detroit had the highest crime rate in the United States for cities with over 200,000 residents."

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Statistic 8

"Detroit has lost nearly half of its population since peaking in 1950. It's estimated to have about 670,000 residents today."

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Statistic 9

"Detroit is nicknamed the "Motor City" because it was once the hub of American automobile manufacturing."

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Statistic 10

"The Detroit Lions are one of four NFL teams that have never appeared in a Super Bowl."

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Statistic 11

"As of December 2021, the Detroit housing market showed a 13.1% increase in the median sale price year over year."

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Statistic 12

"Around 36% of households in Detroit are built before 1939."

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Statistic 13

"Detroit has around 105.91 square miles of land area."

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Statistic 14

"Only 13.6% of Detroit adults aged over 25 have a Bachelor's degree."

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Statistic 15

"Over 21% of Detroit's population is under 18."

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Statistic 16

"Detroit's health care and social assistance industry employs some 48,678 people."

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Statistic 17

"The life expectancy at birth in Detroit (72.2 years) is lower than the U.S. average (78.5 years)."

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Statistic 18

"The unemployment rate in the Detroit-Warren-Dearborn Metropolitan area as of October 2021 is 4.2%"

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Interpretation

In conclusion, the statistics regarding Detroit paint a complex picture of a city with a rich history but also facing significant challenges. Detroit's population has declined significantly since its peak in 1950, and many residents struggle with poverty and low income levels. The city also grapples with high rates of unemployment and crime. However, there are some positive signs, such as a recent increase in the housing market and a strong presence in the health care and social assistance industry. Detroit's demographic makeup is diverse, but disparities in educational attainment and life expectancy persist. Moving forward, addressing these issues will be crucial for the city's continued growth and prosperity.

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