Corunna, MI is a small town located in Shiawassee County. Its population is estimated to be around 4,881 people as of July 2020. The cost of living is relatively lower than other parts of the country; for example, two bedroom rent in Corunna, MI is $980 compared to $1,430 in the US overall. Grocery Cost Index is 92 meaning that it costs 8% less than the US average. This makes Corunna an attractive place to live for those who want to save money.
Corunna has several local businesses that are worth mentioning. These include Corunna Feed & Supply, Corunna Veterinary Hospital, Tom's Auto Repair & Corunna Tire Sales and J Hoffman Construction LLC., which provide excellent services and products for the community. In addition, there are also many restaurants and stores where you can shop for groceries or get a meal without breaking your budget. Overall, living in Corunna provides a great quality of life at an affordable price point.
Corunna (zip 48817) has an unemployment rate of 5.6%. The US average is 6.0%.
Corunna (zip 48817) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Corunna (zip 48817)
- The Sales Tax Rate for Corunna (zip 48817) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Corunna (zip 48817) 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 Corunna (zip 48817)
- The average income of a Corunna (zip 48817) resident is $27,864 a year. The US average is $37,638 a year.
- The Median household income of a Corunna (zip 48817) resident is $53,273 a year. The US average is $69,021 a year.