Branch, MI (zip code 49402) is a small town in Michigan with a relatively low cost of living. 2 bedroom rent averages at $880 per month, which is significantly cheaper than the national average of $1,430 per month. The Grocery Cost Index for Branch is 90 versus 100 on average nationally. In terms of local services and amenities, Branch has a wide variety of stores and businesses to choose from. The main shopping center in the area is the Branch Shopping Center, which offers shoppers a variety of options such as Walmart, Dollar General, Rite Aid Pharmacy and Family Dollar Store. There are also several smaller businesses nearby such as Anton's Garden Center & Nursery, Green Valley Equipment Co., LaCasse’s Hardware Store and Kahl's Hardware & Supply Company. All these places offer locals great prices on everything from groceries to gardening supplies.
Branch (zip 49402) has an unemployment rate of 6.9%. The US average is 6.0%.
Branch (zip 49402) has seen the job market increase by 0.3% 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 Branch (zip 49402)
- The Sales Tax Rate for Branch (zip 49402) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Branch (zip 49402) 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 Branch (zip 49402)
- The average income of a Branch (zip 49402) resident is $24,694 a year. The US average is $28,555 a year.
- The Median household income of a Branch (zip 49402) resident is $43,850 a year. The US average is $69,021 a year.