Pontiac, MI (48340) is a wonderful place to live with plenty of opportunities for both work and leisure. The average two bedroom rent in Pontiac is $1,070, compared to the national average of $1,430 making it an affordable option for anyone looking to move here. Additionally, the grocery cost index in Pontiac is 90 compared to the US index of 100. This means that groceries here are also relatively affordable.
Pontiac offers many businesses and services for residents and visitors alike. There are two local hospitals - St Joseph Mercy Oakland and McLaren Oakland - both offering top-notch medical care for those in need. Other local businesses provide services such as automotive repairs, pet care, landscaping, accounting services and more. Pontiac is also known for its lively entertainment scene with a variety of restaurants, bars and clubs located throughout the city.
Pontiac (zip 48340) has an unemployment rate of 8.3%. The US average is 6.0%.
Pontiac (zip 48340) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Pontiac (zip 48340)
- The Sales Tax Rate for Pontiac (zip 48340) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pontiac (zip 48340) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Pontiac (zip 48340)
- The average income of a Pontiac (zip 48340) resident is $15,390 a year. The US average is $28,555 a year.
- The Median household income of a Pontiac (zip 48340) resident is $40,982 a year. The US average is $69,021 a year.