Chatham, Michigan is a vibrant city located in Saginaw County. It has a population of 49816 people, making it an ideal place to live for those seeking a smaller community. The 2 bedroom rent in Chatham is estimated to be $860 compared to the US average of $1,430. Additionally, the Grocery Cost Index for this area is 92 versus 100 in the US overall. Living in Chatham can be very affordable when compared to other parts of the country. \nThe city of Chatham provides plenty of jobs and a variety of local businesses. Major employers include Covenant HealthCare, Great Lakes Bay Regional Alliance & Education Center, and Nexteer Automotive Corporation. Other notable companies include Classic Chevrolet Midland, Coleman Awning & Canvas Co., and Do-All Incorporated. \nThe cost of living in Chatham is quite low when compared to other larger cities like New York or Los Angeles; however its still possible to find great deals on housing and grocery items that may end up saving you money in the long-run. All these factors make Chatham an attractive destination for those looking for an affordable yet vibrant city with lots of amenities.
Chatham (zip 49816) has an unemployment rate of 8.8%. The US average is 6.0%.
Chatham (zip 49816) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Chatham (zip 49816)
- The Sales Tax Rate for Chatham (zip 49816) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chatham (zip 49816) 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 Chatham (zip 49816)
- The average income of a Chatham (zip 49816) resident is $19,967 a year. The US average is $28,555 a year.
- The Median household income of a Chatham (zip 49816) resident is $61,667 a year. The US average is $69,021 a year.