In the boom days of Motown, getting a job meant going to work for an automaker. "Detroit is really unrivaled in terms of the value we offer." Job growth from mid-2014 to mid-2015 was 1.2 percent for Wayne County, below the national average of 2 percent, according to the U.S. "In the job market, things are getting a lot better, and home prices are still depressed," Webb says. A 2,000-square-foot brick house will set you back as little as $30,000, says Detroit Realtor Embry Webb. Urban pioneers can grab some eye-popping bargains. Home prices and rents are cheap, and even a modest paycheck goes further than in most major cities. But for bargain hunters, Detroit's struggles have created opportunities. government.ĭown on its luck for decades, Detroit habitually grabs headlines for all the wrong reasons - a weak economy, an exodus of residents, shoddy schools, the struggles of the Big Three automakers and the bankruptcy of the city government. Major Employers: Detroit Medical Center, city of Detroit, Henry Ford Health System, Detroit Public Schools, U.S.
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