48875 Portland, MI is located in the heart of Michigan and offers a low cost of living. The average rent for a two-bedroom apartment is significantly lower than the US at $1,130 compared to $1,430. The grocery cost index in Portland is 95 compared to 100 in the US allowing residents to stretch their dollar further. Portland is home to several local businesses such as Sweetwater Brewing Company, Grand River Bank, and Millstream Coffee. These local businesses offer employment opportunities, entertainment, and food services that bring life to the neighborhood.
Portland (zip 48875) has an unemployment rate of 4.7%. The US average is 6.0%.
Portland (zip 48875) 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 Portland (zip 48875)
- The Sales Tax Rate for Portland (zip 48875) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 48875) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portland (zip 48875)
- The average income of a Portland (zip 48875) resident is $25,218 a year. The US average is $28,555 a year.
- The Median household income of a Portland (zip 48875) resident is $83,479 a year. The US average is $69,021 a year.