Odessa, MI Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Michigan / No Metro Area / Ionia County / Odessa / Zip Codes
Odessa, MI is a small town located in the southeastern region of Michigan with a population of 6,582. It has a very low cost of living compared to other areas in the US, as evidenced by the 2 bedroom rent being only $970 and the grocery cost index being 93 versus 100 in the US. The town hosts many local companies such as Applewood Nursery & Landscaping, Mockingbird Manor, and A&W World. These businesses provide employment opportunities for the residents of Odessa and have helped shape the community into an enjoyable place to live.

Odessa has an unemployment rate of 4.7%. The US average is 6.0%.

Odessa has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Odessa
- The Sales Tax Rate for Odessa is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Odessa 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 Odessa
- The average income of a Odessa resident is $21,468 a year. The US average is $28,555 a year.
- The Median household income of a Odessa resident is $72,225 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOdessa, MichiganUnited States
  4.76
  -4.7%-6.2%
  32.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,463$37,638
  $72,225$69,021
  $77,158$85,028
  Population by Occupation
  5.0%1.2%
  1.0%0.5%
  11.7%6.8%
  10.1%10.0%
  4.9%2.5%
  10.7%11.0%
  0.9%4.8%
  0.0%0.8%
  2.1%1.9%
  9.0%4.7%
  1.2%1.9%
  4.1%7.6%
  0.0%0.1%
  2.4%4.2%
  9.9%9.3%
  7.8%14.0%
  1.0%2.1%
  3.9%7.0%
  4.4%4.8%
  9.8%4.7%
Health
Compare Odessa, cost of living
Compare food, housing, utilities, and more in Odessa, Michigan to any other city in the US.