Jerome, MI, with a population of 49249, is a great place to rent an affordable two-bedroom home. At only $1,110 a month on average, it's significantly lower than the US average of $1,430 per month. The cost of living is also comparably lower in Jerome than the US overall as well. The Grocery Cost Index is 95 in Jerome compared to 100 in the US. Popular local companies like General Motors and Consumers Energy help drive the economy here and offer ample employment opportunities to residents. Other prominent businesses include Stant, Lakeshore Products Corporation, and York Plastics which employ many people in Jerome.
Jerome (zip 49249) has an unemployment rate of 5.4%. The US average is 6.0%.
Jerome (zip 49249) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Jerome (zip 49249)
- The Sales Tax Rate for Jerome (zip 49249) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jerome (zip 49249) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Jerome (zip 49249)
- The average income of a Jerome (zip 49249) resident is $29,859 a year. The US average is $28,555 a year.
- The Median household income of a Jerome (zip 49249) resident is $69,890 a year. The US average is $69,021 a year.