Zip 48003 (Almont, MI) Economy


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Almont is a small community located in Lapeer County, Michigan. With a population of around 2,000 people, it is a peaceful and safe place to live. The median two-bedroom rent in Almont is $1,080 which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Almont is 97 versus 100 in the US providing excellent savings opportunities for groceries.
Almont has many local companies that serve the community. Notable businesses include K&K Dental Care which provides high quality dental care to Almont and surrounding areas; Michelle’s Attic Antiques & Collectibles offering vintage and antique items that provide unique accents for your home; and Tailored Tours Travel Agency providing personalized travel services for customers looking to explore new destinations around the world.
Overall, Almont provides its residents with an affordable cost of living combined with access to plenty of amenities such as healthcare providers, shopping centers, restaurants, educational institutions and more. It’s no wonder why so many families choose to call Almont their home.

Almont (zip 48003) has an unemployment rate of 4.9%. The US average is 6.0%.

Almont (zip 48003) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for Almont (zip 48003)
- The Sales Tax Rate for Almont (zip 48003) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Almont (zip 48003) 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 Almont (zip 48003)
- The average income of a Almont (zip 48003) resident is $26,606 a year. The US average is $28,555 a year.
- The Median household income of a Almont (zip 48003) resident is $79,784 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlmont, MichiganUnited States
  4.96
  -10.4%-6.2%
  33.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,198$37,638
  $79,784$69,021
  $92,838$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  10.6%6.8%
  26.8%10.0%
  3.1%2.5%
  10.8%11.0%
  1.4%4.8%
  0.0%0.8%
  0.5%1.9%
  3.0%4.7%
  1.4%1.9%
  2.9%7.6%
  0.0%0.1%
  4.8%4.2%
  5.0%9.3%
  17.1%14.0%
  2.1%2.1%
  3.4%7.0%
  3.3%4.8%
  1.8%4.7%
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