Alto, Michigan, with a population of 49302, is a great place to live. The rent for two bedroom apartments is $1,310 which is lower than the national average of $1,430. Further, the grocery cost index in Alto is 100 which is the same as the national average. There are several notable companies located in Alto including Lacks Enterprises and Tech Group International. Lacks Enterprises manufactures automotive components and has an impressive 55-year history in the area. Meanwhile, Tech Group International specializes in advanced engineering solutions and technology services. Together these two companies have provided hundreds of jobs to locals while promoting economic growth in Alto and beyond.
Alto (zip 49302) has an unemployment rate of 4.8%. The US average is 6.0%.
Alto (zip 49302) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Alto (zip 49302)
- The Sales Tax Rate for Alto (zip 49302) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alto (zip 49302) 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 Alto (zip 49302)
- The average income of a Alto (zip 49302) resident is $29,583 a year. The US average is $28,555 a year.
- The Median household income of a Alto (zip 49302) resident is $104,405 a year. The US average is $69,021 a year.