Durand, MI (48429) is a small city located about 50 miles northwest of Detroit. The population in Durand is approximately 3,800. The 2 bedroom rent in Durand costs $860, which is much lower than the national average of $1,430. Living expenses such as groceries are also relatively inexpensive in comparison to the US. The Grocery Cost Index in Durand is 92 compared to 100 nationally.
Durand houses a few local businesses such as Durand Family Dental Care and K&G Pizza Palace. There are many other services available locally such as banks, healthcare providers, restaurants and shopping centers. These combined with an affordable cost of living make it an attractive place for families to live.
Durand (zip 48429) has an unemployment rate of 5.6%. The US average is 6.0%.
Durand (zip 48429) 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 Durand (zip 48429)
- The Sales Tax Rate for Durand (zip 48429) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Durand (zip 48429) 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 Durand (zip 48429)
- The average income of a Durand (zip 48429) resident is $30,254 a year. The US average is $37,638 a year.
- The Median household income of a Durand (zip 48429) resident is $53,682 a year. The US average is $69,021 a year.