48328 Waterford, MI is a great place to live for those looking for an affordable rental. According to recent data, the average two bedroom rent in 48328 Waterford is $1,150 which is much lower than the US average of $1,430. Additionally, the grocery cost index in 48328 Waterford is 94 compared to 100 in the US making it an even more attractive option for those looking to save on living expenses.
The area also offers plenty of local companies such as General Motors and Hobson & Motzer Inc., as well as several small businesses like The Wall Gallery and Island Expressions. All of these businesses provide residents with ample employment and shopping options.
Waterford (zip 48328) has an unemployment rate of 3.5%. The US average is 6.0%.
Waterford (zip 48328) has seen the job market increase by 0.3% 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 Waterford (zip 48328)
- The Sales Tax Rate for Waterford (zip 48328) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterford (zip 48328) 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 Waterford (zip 48328)
- The average income of a Waterford (zip 48328) resident is $26,866 a year. The US average is $28,555 a year.
- The Median household income of a Waterford (zip 48328) resident is $60,825 a year. The US average is $69,021 a year.