Zip 48807 (Bannister, MI) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Michigan / Alma Metro Area / Gratiot County / No City / Bannister (zip 48807)
48807 Bannister, MI is a great place to live with easy access to local amenities. With two bedroom rent averaging only $850, residents are able to save money compared to the US average of $1,430. Grocery costs in 48807 are also relatively low at 90 on the index versus 100 for the national average. Residents have easy access to all their shopping needs with local stores such as Kroger and Meijer close by. Those who want to dine out have plenty of options such as Chieftain Steakhouse &Pub, Bell's Greek Pizza and El Mexicano Taco Shop. There are other attractions in the area such as The Bannister Community Center and Adventure Park providing plenty of entertainment opportunities for everyone.

Bannister (zip 48807) has an unemployment rate of 5.6%. The US average is 6.0%.

Bannister (zip 48807) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Bannister (zip 48807)
- The Sales Tax Rate for Bannister (zip 48807) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bannister (zip 48807) 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 Bannister (zip 48807)
- The average income of a Bannister (zip 48807) resident is $20,552 a year. The US average is $28,555 a year.
- The Median household income of a Bannister (zip 48807) resident is $54,123 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBannister, MichiganUnited States
  5.66
  -4.5%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,407$37,638
  $54,123$69,021
  $61,500$85,028
  Population by Occupation
  7.9%1.2%
  0.0%0.5%
  7.6%6.8%
  18.6%10.0%
  1.8%2.5%
  13.0%11.0%
  4.1%4.8%
  0.0%0.8%
  12.0%1.9%
  0.0%4.7%
  0.8%1.9%
  0.8%7.6%
  0.0%0.1%
  3.8%4.2%
  8.9%9.3%
  15.0%14.0%
  0.0%2.1%
  2.0%7.0%
  1.5%4.8%
  2.3%4.7%
Health