Zip 48001 (Algonac, MI) 

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Economy in Zip 48001 (Algonac, MI)

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 $45,523 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYAlgonac, MichiganUnited States
  4.5%6.0%
  -10.5%-6.2%
  34.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,498$31,177
  $55,059$57,652
  $69,006$70,850
  POPULATION BY OCCUPATION
  0.4%1.3%
  0.0%0.6%
  7.9%6.2%
  26.3%10.4%
  1.1%2.7%
  13.4%11.6%
  1.6%4.1%
  0.9%0.9%
  0.8%2.1%
  3.4%4.7%
  1.3%1.9%
  3.5%6.7%
  0.3%0.1%
  2.1%4.3%
  6.3%9.3%
  11.7%13.8%
  1.8%2.2%
  7.8%7.4%
  5.3%4.9%
  3.9%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Algonac (zip 48001)

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