Zip 48430 (Fenton, MI) Economy


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Fenton, MI (48430) is a city located in Michigan with a population of 11,757. The two bedroom rent in this area is $1,320, which is slightly lower than the US average of $1,430. The grocery cost index in Fenton is 98 compared to 100 nationally. There are many businesses that offer rental accommodation options in the area like Affordable Living Rentals which offers luxury townhomes and apartments for rent starting at around $998 per month. Alternately there is Halvorson & sons Properties LLC offering efficiencies, one bedroom and two bedrooms from $315 to $810 per month and Country Acres Mobile Home Park offering mobile homes for rent starting from $1,100 per month.

Fenton (zip 48430) has an unemployment rate of 7.1%. The US average is 6.0%.

Fenton (zip 48430) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Fenton (zip 48430)
- The Sales Tax Rate for Fenton (zip 48430) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fenton (zip 48430) 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 Fenton (zip 48430)
- The average income of a Fenton (zip 48430) resident is $29,684 a year. The US average is $28,555 a year.
- The Median household income of a Fenton (zip 48430) resident is $88,196 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFenton, MichiganUnited States
  7.16
  -7.4%-6.2%
  25.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $45,545$37,638
  $88,196$69,021
  $101,804$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.6%6.8%
  18.5%10.0%
  3.5%2.5%
  12.2%11.0%
  2.1%4.8%
  0.6%0.8%
  1.2%1.9%
  4.5%4.7%
  2.6%1.9%
  5.2%7.6%
  0.2%0.1%
  3.5%4.2%
  8.9%9.3%
  15.4%14.0%
  1.6%2.1%
  5.8%7.0%
  3.7%4.8%
  2.9%4.7%
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