Chesaning, MI is a rural town located in Saginaw County. It has a population of about 4,861 people according to the latest census. The average 2 bedroom rent in Chesaning, MI is $850 which is much lower than the U.S. average of $1,430. Grocery cost index in Chesaning is 93 versus 100 in the US.
The town of Chesaning features many different services that cater to its small population size. For examples, there are businesses such as K & B Outlet Inc., which offers food and retail products for shoppers; Community Financial Credit Union providing financial services; and Bay Valley Service Center for automotive repair needs. Additionally, the community features several restaurants such as Herk’s Bar-B-Q & Catering serving traditional barbeque favorites and The View Restaurant offering casual American fare with lake views.
Chesaning (zip 48616) has an unemployment rate of 6.8%. The US average is 6.0%.
Chesaning (zip 48616) has seen the job market increase by 0.4% 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 Chesaning (zip 48616)
- The Sales Tax Rate for Chesaning (zip 48616) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesaning (zip 48616) 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 Chesaning (zip 48616)
- The average income of a Chesaning (zip 48616) resident is $22,296 a year. The US average is $28,555 a year.
- The Median household income of a Chesaning (zip 48616) resident is $54,264 a year. The US average is $69,021 a year.