The city of Utica, MI (48316) has an average 2-bedroom rent of $1,330, which is lower than the US average of $1,430. Additionally, the grocery cost index in Utica is 100 versus the national average of 100. This makes Utica an affordable city to live in. The lower costs make it a great place for families or individuals who want to save money on monthly living expenses.
Local companies in Utica include MJS Construction & Design LLC, Advanced Automotive Systems Inc., Segars Concrete Solutions LLC and CTI Group Waterproofing Specialists Inc., among others. These businesses provide important services to the community and help create a vibrant economy in this Michigan city.
Utica (zip 48316) has an unemployment rate of 3.5%. The US average is 6.0%.
Utica (zip 48316) 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 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Utica (zip 48316)
- The Sales Tax Rate for Utica (zip 48316) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Utica (zip 48316) 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 Utica (zip 48316)
- The average income of a Utica (zip 48316) resident is $33,499 a year. The US average is $28,555 a year.
- The Median household income of a Utica (zip 48316) resident is $91,920 a year. The US average is $69,021 a year.