48851 Saranac, MI is a small rural village located in Ionia County. This quaint town of just over 1,000 residents has a median household income of $47,000 and an affordable cost of living. 2 bedroom rent in the area is only $810 compared to the US average of $1,430, and grocery costs are 95 compared to the US average of 100. The town is home to several local businesses such as D&B Computers, Saranac Market & Deli, Hometown Auto Repair, and Mill Creek Golf Course. Each business offers unique services that benefit the community with convenience and quality service.
Saranac (zip 48881) has an unemployment rate of 4.7%. The US average is 6.0%.
Saranac (zip 48881) 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 Saranac (zip 48881)
- The Sales Tax Rate for Saranac (zip 48881) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Saranac (zip 48881) 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 Saranac (zip 48881)
- The average income of a Saranac (zip 48881) resident is $22,019 a year. The US average is $28,555 a year.
- The Median household income of a Saranac (zip 48881) resident is $67,171 a year. The US average is $69,021 a year.