Taylor, MI is a small city located in Wayne County of Michigan. It has a population of around 63,000 people. Taylor is known for its excellent recreational activities such as biking and canoeing along the Huron River. Furthermore, it is home to several different companies including Paragon Molded Plastics Corporation, Baker College, and the Ford Motor Company.
The cost of living in Taylor is quite affordable compared to other cities in the US with 2 Bedroom Rent in Taylor being $1,080 on average while the US 2 Bedroom Rent averages at $1,430 according to data from Numbeo. Additionally the Grocery Cost Index for Taylor is 92 versus 100 in the US. All these factors make Taylor an ideal location for individuals or families seeking an affordable place to live with access to recreation opportunities and employment options.
Taylor (zip 48180) has an unemployment rate of 5.5%. The US average is 6.0%.
Taylor (zip 48180) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Taylor (zip 48180)
- The Sales Tax Rate for Taylor (zip 48180) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Taylor (zip 48180) 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 Taylor (zip 48180)
- The average income of a Taylor (zip 48180) resident is $20,246 a year. The US average is $28,555 a year.
- The Median household income of a Taylor (zip 48180) resident is $55,358 a year. The US average is $69,021 a year.