An estimated 16.1% of residents in the Detroit-Warren-Dearborn metro area live below the poverty line, a larger share than the national poverty rate of 14.7% and roughly similar to the state’s poverty rate of 15.8%. Detroit has the sixth highest poverty rate of any Michigan metro area. A high school education can mean the difference […]
Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]
Total student debt in the United States, at approximately $1.26 trillion, is the second largest consumer debt in the country after mortgages. The average debt of all U.S. college undergraduates, including those who did not take any student loans, is around $16,929 per student, according to new data from student loan news website the Student […]
Going public is often regarded as the final step in a private company’s growth. While a public offering streamlines fund-raising activities and offers many other advantages, many owners prefer to keep control of their companies. 24/7 Wall St. reviewed data from company data reviewer PrivCo to identify the largest company in each state. Based on […]
Alcohol abuse cost the United States $250 billion in 2010, according to a 2015 study from the Centers for Disease Control and Prevention. These costs include health care expenses associated with alcohol consumption as well as estimated lost productivity. Binge drinking was related to three-quarters of the total cost. Residents of different states report different […]
The average resident of the Detroit-Warren-Dearborn metro area spends 26.6 minutes commuting to work, roughly equivalent to the national average of 26.4 minutes and longer than the statewide average of 24.4 minutes. Detroit residents have the longest commute of any metro area in Michigan. Two of the main factors that determine commute time are the […]
An estimated 18.3% of adults in the Detroit-Warren-Dearborn metro area smoke, higher than the 17.0% national smoking rate and lower than the 21.2% statewide smoking rate. The Detroit smoking rate is the fifth highest in Michigan. According to the Centers for Disease Control, smoking is the number one cause of preventable death in the United […]
Violence in the United States has steadily declined for several decades. While the violent crime rate has fallen considerably — from 685 incidents reported per 100,000 Americans in 1995 to the current rate of 383 incidents per 100,000 — the national violent crime rate rose 3.0% last year. 24/7 Wall St. reviewed violent crime rates […]
The U.S. housing market has recovered substantially since the housing crisis. The improvement, however, has been uneven, and in many U.S. cities housing markets continue to struggle. In some, property values and foreclosure rates have even worsened. In such cases, many homeowners find they have no choice but to abandon their property. Property data company […]
The FBI defines robbery as the taking, or the attempted taking, of anything of value from someone by force, threat of violence, or fear. Most robberies involve the use of a firearm and yield $1,190 worth of goods on average. There were 327,374 robberies reported nationwide in 2015 — 102 per 100,000 Americans. Crime and […]
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