Belding, Michigan is a small city located in Ionia County with a population of 5,727. This city is known for its rich history and thriving businesses. Two bedroom rent in Belding is significantly lower than the US at $990 compared to $1,430. Additionally, grocery costs here are cheaper too with a Grocery Cost Index of 93 compared to 100 in the US. The city has several local companies and organizations that contribute to its strong economy such as Belding Fire Emblem, VFW Post 4035, Zinser Machine Co., Black Iron Barbell Gym and The Farmer's Table Food Co-Op. Furthermore, the local government takes pride in promoting an array of cultural events such as Music in the Park and Festival of Trees.
Belding (zip 48809) has an unemployment rate of 4.7%. The US average is 6.0%.
Belding (zip 48809) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Belding (zip 48809)
- The Sales Tax Rate for Belding (zip 48809) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Belding (zip 48809) 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 Belding (zip 48809)
- The average income of a Belding (zip 48809) resident is $19,858 a year. The US average is $28,555 a year.
- The Median household income of a Belding (zip 48809) resident is $59,640 a year. The US average is $69,021 a year.