New Baltimore is a city located in Macomb County, Michigan. With a population of 14,041 people, according to the 2019 census, it is a growing area. The average cost of renting a two-bedroom apartment here is $1,130 which is much lower than the national average of $1,430. The grocery cost index in New Baltimore stands at 98 compared to the US average of 100.
The city has seen an increase in businesses setting up shop in recent years. Prominent local companies include MidState Electric Co., Bill's Market and Greenhouse LLC and The Clutch Bar & Grill, which are all popular establishments in the area. Reuter Pools & Spas Inc., Empire Heating & Cooling and Gieske Masonry are some other well-known businesses based out of New Baltimore.
New Baltimore (zip 48047) has an unemployment rate of 4.1%. The US average is 6.0%.
New Baltimore (zip 48047) has seen the job market increase by 0.2% 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 New Baltimore (zip 48047)
- The Sales Tax Rate for New Baltimore (zip 48047) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Baltimore (zip 48047) 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 New Baltimore (zip 48047)
- The average income of a New Baltimore (zip 48047) resident is $31,016 a year. The US average is $28,555 a year.
- The Median household income of a New Baltimore (zip 48047) resident is $84,561 a year. The US average is $69,021 a year.