DETROIT REGIONAL DASHBOARD 2023: MEASURING ECONOMIC BIT.LY/DETROITREGIONALDASHBOARD
The Detroit Regional Dashboard is a data resource published by the Detroit Regional Chamber and the Detroit Regional Partnership developed through a collaborative process with a variety of partners. The goal is to align stakeholders around critical metrics that measure economic and social progress and provide data that informs business, community, and policy recommendations. It is intended to serve as a catalyst for strategic change that ensures the 11-county Detroit Region moves forward as a thriving and equitable community.
There are 39 regional metrics in the dashboard, each with an online interactive visualization. Each category includes equity-related metrics, which indicate disparities between race, ethnicity, and/or gender. The dashboard tracks changes against previous years and current data.
NOTE: The COVID-19 pandemic significantly impacted the Detroit Region and the nation, delaying the release of many core datasets in 2020. Though it will take years to fully understand the effects, the dashboard aims to measure the economic impact and recovery of the Detroit Region.
PERSONS OF COLOR CEO 9.3%
DETROIT, FLINT, ANN ARBOR, & MONROE MSA, 2021
DETROIT, FLINT, ANN ARBOR, & MONROE MSA, 2020
DETROIT REGION, 2021 5-YEAR CHANGE: 78.6%
5-YEAR CHANGE: 0.6 P.P. MICHIGAN, 2021
KEY METRICS $290.2 B GROSS DOMESTIC PRODUCT 6.2% UNEMPLOYMENT RATE 5.5 M TOTAL POPULATION $67,153 MEDIAN HOUSEHOLD INCOME ECONOMIC GROWTH BUSINESS CLIMATE 62.4% LABOR FORCE PARTICIPATION RATE DETROIT REGION, 2021
8.3%
5-YEAR CHANGE: -3.7% 2-YEAR CHANGE: 2.2 P.P. 2-YEAR
P.P. 5-YEAR CHANGE:
5-YEAR CHANGE: 15.0% 5-YEAR
-1.2 P.P.
DETROIT REGION, 2021
DETROIT REGION, 2021 DETROIT MSA, 2021 DETROIT MSA, 2021 MEDIAN HOUSEHOLD INCOME BLACK OR AFRICAN AMERICAN $41,282 WHITE $76,178 LABOR FORCE PARTICIPATION RATE BLACK OR AFRICAN AMERICAN 59.8% WHITE 62.5% DETROIT MSA, 2021 9.8% EMPLOYMENT GROWTH 1-YEAR CHANGE 0.9% POPULATION GROWTH 2-YEAR CHANGE 5.8% MEDIAN HOUSEHOLD INCOME GROWTH 2-YEAR CHANGE 13.4% POVERTY RATE TOTAL POPULATION $37,996 MEAN INCOME PER CAPITA DETROIT REGION, 2021 DETROIT REGION, 2021 DETROIT MSA, 2021 DETROIT MSA, 2021 DETROIT MSA, 2021 POVERTY RATE TOTAL POPULATION BLACK OR AFRICAN AMERICAN 24.7% WHITE 9.4% MEAN INCOME PER CAPITA BLACK OR AFRICAN AMERICAN $25,077 WHITE $43,210 DETROIT MSA, 2021 VENTURE BACKED STARTUPS VENTURE CAPITAL INVESTMENTS $28.6 M FOREIGN DIRECT INVESTMENT AVERAGE PER PROJECT TOTAL INVESTMENTS = $1.2 B 11.3% VACANCY RATES CLASS-A OFFICE 3.9% VACANCY RATES INDUSTRIAL 2.2 M SQ. FT. UNDER CONSTRUCTION CLASS-A OFFICE 10.6 M SQ. FT. UNDER CONSTRUCTION INDUSTRIAL $43.7 B TRADE EXPORTS, ANNUAL VALUE 105,029 NEW BUSINESS APPLICATIONS DETROIT REGION, 2021 DETROIT, FLINT, ANN ARBOR, & MONROE MSA, 2021 DETROIT, FLINT, ANN ARBOR, & MONROE MSA, 2021 1-YEAR CHANGE: -31.7% 2-YEAR CHANGE: 64.7%
1-YEAR CHANGE:
5-YEAR CHANGE: 2.3%
CHANGE: 0.5
1.0%
CHANGE:
2-YEAR CHANGE: 7.6% 1-YEAR CHANGE: -4.8 P.P. 2-YEAR CHANGE: 0.9% 2-YEAR CHANGE: 5.8%
2-YEAR CHANGE: -0.7 P.P.
2-YEAR CHANGE: 0.9% $21.15 RENT PER SQ. FT. CLASS-A OFFICE 2-YEAR CHANGE: 12.8% 2-YEAR CHANGE: -9.8% 2-YEAR CHANGE: 66.7% $7.42 RENT PER SQ. FT. INDUSTRIAL
EQUITY MEASURE EQUITY MEASURE $1.4 B EQUITY MEASURE
1-YEAR CHANGE: -1.6 P.P.
2-YEAR CHANGE: 2.1 P.P.
1-YEAR CHANGE: 2.5%
ANNUAL INBOUND AND OUTBOUND CHANGE
CHANGE: 0.4
(ANNUAL INDEX DIFFERENCE)
1-YEAR CHANGE: -1.0 P.P.
1-YEAR CHANGE: -1.7 P.P.
1-YEAR CHANGE: -5.4 P.P.
1-YEAR CHANGE: -3.2 P.P.
2-YEAR CHANGE: -0.4%
2-YEAR CHANGE: 9.4 P.P
1-YEAR CHANGE: 9.8%
2-YEAR CHANGE: 14.7%
71.4% HOMEOWNERSHIP RATE
1-YEAR CHANGE: 3.8%
1-YEAR CHANGE: 67.4%
1-YEAR CHANGE: -12.3%
2-YEAR CHANGE: 1.8 P.P.
DETROIT REGION, 2021
2-YEAR CHANGE: -8.3%
73.9%
REGISTERED VOTER PARTICIPATION RATE
PRESIDENTIAL ELECTIONS MICHIGAN, 2020
CHANGE (2016): 9.3 P.P
TALENT EDUCATION 2.6 M TOTAL EMPLOYED WORKFORCE 40.3% 3RD GRADE READING PROFICIENCY 43.5% ASSOCIATE DEGREES OR HIGHER 35.1% 8TH GRADE MATH PROFICIENCY $28.04 AVERAGE HOURLY OCCUPATION WAGES 83.6% HIGH SCHOOL GRADUATION RATE -12,326 LABOR FORCE NET MIGRATION 55.6% POSTSECONDARY ENROLLMENT RATE COMMUNITY INFRASTRUCTURE 2,460 PATHWAY JOBS CREATED/SUPPORTED 30.3% COLLEGE PROGRESSION DETROIT REGION, DEC. 2021 DETROIT REGION, 2021-2022 DETROIT REGION, 2021-2022 DETROIT REGION, 2020-2021 DETROIT REGION, 2020-2021 DETROIT REGION, 2019-2020 DETROIT REGION, 2020-2021 DETROIT REGION, 2021 DETROIT REGION, 2021 DETROIT REGION, 2020 PROJECTS CLOSED FROM 2020 AND 2021 DETROIT REGION STEM OCCUPATIONS PERCENT OF STEM WORKFORCE TOTAL OF DEGREE COMPLETIONS BACHELOR’S OR HIGHER BLACK OR AFRICAN AMERICAN 9.1% BLACK OR AFRICAN AMERICAN 9.7% WHITE 71.9% WHITE 71.4% DETROIT REGION, 2021 DETROIT REGION, 2020-2021 103.1 COST OF LIVING INDEX (COLI) $222,372 MEDIAN HOME VALUE $1,155 AVERAGE RENT ONE-BEDROOM DETROIT MSA, 2021 DETROIT REGION, 2021 DETROIT MSA, Q1 2022 HOMEOWNERSHIP RATE BLACK OR AFRICAN AMERICAN 46.4% WHITE 80.2% DETROIT MSA, 2021 66.4% QUALITY OF ROADS GOOD/FAIR CONDITIONS 23.6 M AIR PASSENGERS ANNUAL DTW AIRPORT 17.3 M TRANSIT RIDES PUBLIC TRANSIT RIDERSHIP 25.4 MEAN MINUTES COMMUTE TIME ALL MODES OF TRANSPORTATION 93.7% INTERNET SUBSCRIPTION POPULATION IN HOUSEHOLDS DETROIT REGION, 2021 DETROIT METRO AIRPORT (DTW), 2021 DETROIT REGION, 2021 DETROIT MSA, 2021 DETROIT MSA, 2021 7.4% STEM OCCUPATIONS PERCENT OF WORKFORCE 36,733 DEGREE COMPLETIONS BACHELOR’S OR HIGHER DETROIT REGION, 2021 COMMUTE TIME PUBLIC TRANSPORTATION 53.2 BLACK OR AFRICAN AMERICAN NO INTERNET SUBSCRIPTION RATE POPULATION IN HOUSEHOLDS WHITE 2.6% BLACK OR AFRICAN AMERICAN 6.0% 72.1% PERCENT OF TOTAL PUBLIC COMMUTERS MEAN MINUTES DETROIT MSA, 2021 EQUITY MEASURE EQUITY MEASURE EQUITY MEASURE EQUITY MEASURE 1-YEAR CHANGE: 9.8% 1-YEAR
2-YEAR CHANGE: 2.8 P.P
REGISTERED VOTER TURNOUT
BLACK OR AFRICAN AMERICAN 63.8% WHITE 67.7%
RATE
MICHIGAN, 2020
