Algonac, MI 48001 is a great place to live, offering 2 bedroom rent at $1,230 – compared to the US average of $1,430. Other cost of living indices in Algonac are favorable as well; the Grocery Cost Index is 95 versus 100 in the US. The city of Algonac has a variety of local businesses and services that make life easier and more enjoyable for its citizens. Businesses include restaurants such as St Clair Inn Pizza & Subs and Missy's Kitchen, grocery stores like Apple Market and Family Fare Supermarkets, clothing stores like Sonders Clothing Company and Kris’s Boutique, banks like Fifth Third Bank and Flagstar Bank, coffee shops like Cappuccino Express Cafe and Latte Lounge Cafe, gas stations such as Marathon Petroleum Corporation and Speedway LLC., churches such as First Methodist Church of Algonac and St. Stephen Catholic Church, flower shops like Flower Boutique Arrangements & Gifts, auto repair centers such as JT’s Automotive Repair and Body Workz LLC., pet care facilities such as Algonac Animal Hospital and Lakeshore Veterinary Care – just to name a few!
Algonac (zip 48001) has an unemployment rate of 4.5%. The US average is 6.0%.
Algonac (zip 48001) 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 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Algonac (zip 48001)
- The Sales Tax Rate for Algonac (zip 48001) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Algonac (zip 48001) 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 Algonac (zip 48001)
- The average income of a Algonac (zip 48001) resident is $26,131 a year. The US average is $28,555 a year.
- The Median household income of a Algonac (zip 48001) resident is $58,800 a year. The US average is $69,021 a year.