Zip 48823 (East Lansing, MI) Economy


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East Lansing, MI 48823 is an attractive and vibrant city located in the lower peninsula of Michigan. With a centralized location just a few miles from the state capital, East Lansing offers its residents access to excellent amenities, including a variety of local businesses and educational institutions. Local businesses such as Northside Automotive and the Grand River Market provide residents with necessary goods and services, while educational institutions like Michigan State University (MSU) and Lansing Community College offer students unique learning opportunities. In addition to these local establishments, East Lansing also boasts low rental costs compared to other cities in Michigan; 2 Bedroom rent is $1,210 versus $1,430 across the United States. East Lansing also has competitive grocery costs; indexing at 97 compared to 100 in the US overall.

East Lansing (zip 48823) has an unemployment rate of 3.7%. The US average is 6.0%.

East Lansing (zip 48823) 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 36.3%, which is higher than the US average of 33.5%.

Tax Rates for East Lansing (zip 48823)
- The Sales Tax Rate for East Lansing (zip 48823) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East Lansing (zip 48823) 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 East Lansing (zip 48823)
- The average income of a East Lansing (zip 48823) resident is $26,966 a year. The US average is $28,555 a year.
- The Median household income of a East Lansing (zip 48823) resident is $47,128 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Lansing, MichiganUnited States
  3.76
  -6.9%-6.2%
  36.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,762$37,638
  $47,128$69,021
  $109,078$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  1.3%6.8%
  4.8%10.0%
  1.3%2.5%
  8.1%11.0%
  1.8%4.8%
  0.2%0.8%
  1.5%1.9%
  5.4%4.7%
  1.8%1.9%
  8.0%7.6%
  0.0%0.1%
  2.7%4.2%
  31.4%9.3%
  10.1%14.0%
  2.8%2.1%
  9.7%7.0%
  4.5%4.8%
  4.3%4.7%
Reviews for East Lansing
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My neighborhood rocks for the following: 1. Walk/bike to downtown East Lansing for shops, restaurants, and events 2. Next to MSU campus 3. Amazing and friendly  More

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Over 16 years ago

I'd like to be thoughtful and that will require some time so I'd like to do this later. Will I be prompted? Thanks, Deb  More

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