Burton, Michigan is a small city located in the Genesee County. With a population of only 8,209 people, the cost of living in Burton is much lower than that of other cities in Michigan and the United States as a whole. The 2 bedroom rent fees in Burton are only $1,100, which is significantly lower than the US average of $1,430. Additionally, Burton has an incredibly low grocery cost index of 92 compared to 100 in the US. This low cost of living makes it particularly appealing to businesses who are looking to relocate and expand. Companies such as Boomerang Catapult LLC, Magneto IT Solutions LLC and Gratiot Plastics Inc., have all taken advantage of this lower cost and chosen to set up shop here in Burton.
Burt (zip 48417) has an unemployment rate of 6.8%. The US average is 6.0%.
Burt (zip 48417) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Burt (zip 48417)
- The Sales Tax Rate for Burt (zip 48417) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Burt (zip 48417) 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 Burt (zip 48417)
- The average income of a Burt (zip 48417) resident is $35,481 a year. The US average is $37,638 a year.
- The Median household income of a Burt (zip 48417) resident is $62,647 a year. The US average is $69,021 a year.