With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Troy, MI.
Troy is a city known for its diverse range of industries, offering job opportunities in manufacturing, health care, technology, science, education, and retail. This blend of sectors contributes to the steady growth and development of the city, making it an attractive destination for job seekers who desire professional advancement. With industries catering to different skill sets and qualifications, Troy provides a multitude of career paths for individuals seeking employment, ensuring that they can find the perfect fit for their unique talents and abilities.
In the city, employment opportunities abound as the average salary stands at $81,459, a figure that is 17.67% above the national average. This locale proves to be an appealing option for job seekers, given that 68% of people are insured by their employer. However, it is worth noting that the cost of living is approximately 11.0% higher than average. With an average commute time of 26 minutes, workers can expect a reasonable amount of travel time to and from their place of employment. Overall, this city presents favorable prospects for those looking to advance in their careers.
In Troy, MI, the local economy demonstrates a strong foundation with an unemployment rate of 2.90%, which is below the country's average of 3.8%. This lower rate indicates a stable job market for those seeking employment opportunities in the city. As an additional positive sign for the future, the job market growth in Troy is predicted to be vigorous, pointing to potential expansion and development within the region's industries. The combination of these factors provides a solid basis for a prosperous and dynamic job market.
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