Zip 48367 (Leonard, MI) Economy


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48367 Leonard, MI is a small town located in Oakland County, Michigan. It has a population of approximately 2,500 people. The median rent for two bedroom apartments is $1,360 and the grocery cost index in the area is 101 compared to 100 in the US. Residents of 48367 Leonard have access to many local businesses that offer a variety of services. These include Leonard Liquor Store, which offers an extensive selection of wine and spirits; Lucky’s Bar & Grill, which serves up delicious burgers and pub-style food; and Chapeer Market for groceries and everyday needs. Other notable establishments are Divine Image Hair Salon providing hair styling services; Candy Rama for sweet treats; and The Dog Town Pet Store for all your pet supplies. With so much to offer, 48367 Leonard is a great place to live!

Leonard (zip 48367) has an unemployment rate of 3.5%. The US average is 6.0%.

Leonard (zip 48367) 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 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Leonard (zip 48367)
- The Sales Tax Rate for Leonard (zip 48367) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Leonard (zip 48367) 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 Leonard (zip 48367)
- The average income of a Leonard (zip 48367) resident is $31,322 a year. The US average is $28,555 a year.
- The Median household income of a Leonard (zip 48367) resident is $95,746 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLeonard, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $42,114$37,638
  $95,746$69,021
  $114,167$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  4.2%6.8%
  20.5%10.0%
  1.0%2.5%
  12.1%11.0%
  1.4%4.8%
  0.0%0.8%
  1.4%1.9%
  1.9%4.7%
  2.5%1.9%
  11.5%7.6%
  0.9%0.1%
  4.0%4.2%
  9.8%9.3%
  8.6%14.0%
  1.5%2.1%
  4.6%7.0%
  4.5%4.8%
  7.2%4.7%
Health