Zip 48860 (Muir, MI) Economy


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United States / Michigan / No Metro Area / Ionia County / No City / Muir (zip 48860)
In 48806 Muir, Michigan, the average 2 bedroom rent is $950, which is much lower than the US average of $1430. The Grocery Cost Index in 48806 Muir is 93 versus the national average of 100. This means that groceries are cheaper in this area than in other parts of the country. There are many local businesses located in 48806 Muir including: New Era Motors, which provides quality auto repair services; Piper’s Bakery and Restaurant, an old-fashioned bakery and restaurant offering homemade pies and cakes; and Kilpatrick’s Home Improvement Center, a family owned business selling home improvement supplies. All these companies provide excellent services to locals and visitors alike.

Muir (zip 48860) has an unemployment rate of 4.7%. The US average is 6.0%.

Muir (zip 48860) 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 Muir (zip 48860)
- The Sales Tax Rate for Muir (zip 48860) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Muir (zip 48860) 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 Muir (zip 48860)
- The average income of a Muir (zip 48860) resident is $20,446 a year. The US average is $28,555 a year.
- The Median household income of a Muir (zip 48860) resident is $62,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMuir, MichiganUnited States
  4.76
  -4.7%-6.2%
  32.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,086$37,638
  $62,250$69,021
  $69,141$85,028
  Population by Occupation
  1.7%1.2%
  1.7%0.5%
  4.9%6.8%
  44.9%10.0%
  3.3%2.5%
  9.6%11.0%
  1.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.0%4.7%
  0.0%1.9%
  1.2%7.6%
  0.0%0.1%
  2.0%4.2%
  2.0%9.3%
  9.7%14.0%
  0.0%2.1%
  3.5%7.0%
  5.2%4.8%
  8.1%4.7%
Health