Pontiac, MI is a city located in southeastern Michigan with great attractions and quality of life. The 2 bedroom rent in Pontiac is much lower than the US average at $1,090 a month versus $1,430. Grocery costs are also much lower here with an index score of 90 compared to 100 in the US making it more affordable for residents to shop for groceries. This area is home to many large companies like Lear Corporation, UAW-GM Center for Human Resources, GM Powertrain as well as many small businesses. Pontiac has a population of around 60,000 and is growing every year due to its diverse economy that provides job opportunities and educational resources for residents. Pontiac offers local recreation such as the Great Lakes Crossing Outlets mall, which was recently renovated and now serves as an entertainment hub with various restaurants and shops. With all its amenities and attractions nearby, Pontiac is a great place to call home!
Pontiac has an unemployment rate of 8.3%. The US average is 6.0%.
Pontiac 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
- The Sales Tax Rate for Pontiac is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pontiac 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
- The average income of a Pontiac resident is $15,518 a year. The US average is $28,555 a year.
- The Median household income of a Pontiac resident is $36,214 a year. The US average is $69,021 a year.