Zip 48118 (Chelsea, MI) Economy


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Chelsea, Michigan is a small city located in the Washtenaw county with a population of about 5,000 people. It's a great place to live for those looking for a quieter lifestyle outside of the big city. The 2 Bedroom Rent in Chelsea is slightly higher than the US average at $1,450 per month. However, living within this city does have its perks - grocery costs are generally lower than other cities with an index of 100 versus 100 in the US.
The area offers plenty of activities and attractions such as the Chelsea Fairgrounds, which hosts several events throughout the year including flea markets and carnivals. There are also plenty of local businesses that offer residents diverse entertainment options such as Chelsea Alehouse Brewery where guests can enjoy craft beer, live music and more. Other popular places include Ivan's Bar & Grill and Main Street Pizza Company for delicious food and drinks.

Chelsea (zip 48118) has an unemployment rate of 4.3%. The US average is 6.0%.

Chelsea (zip 48118) 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 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Chelsea (zip 48118)
- The Sales Tax Rate for Chelsea (zip 48118) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chelsea (zip 48118) 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 Chelsea (zip 48118)
- The average income of a Chelsea (zip 48118) resident is $35,833 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea (zip 48118) resident is $85,731 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChelsea, MichiganUnited States
  4.36
  -6.3%-6.2%
  34.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $50,511$37,638
  $85,731$69,021
  $119,074$85,028
  Population by Occupation
  0.6%1.2%
  0.2%0.5%
  5.0%6.8%
  11.4%10.0%
  1.1%2.5%
  7.0%11.0%
  1.5%4.8%
  2.2%0.8%
  1.4%1.9%
  6.5%4.7%
  1.4%1.9%
  10.2%7.6%
  0.0%0.1%
  1.2%4.2%
  13.0%9.3%
  20.0%14.0%
  3.4%2.1%
  5.8%7.0%
  4.3%4.8%
  4.1%4.7%
Health