Zip 49730 (Elmira, MI) Economy


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United States / Michigan / No Metro Area / Otsego County / No City / Elmira (zip 49730)
Elmira, MI (49730) is a small town in the Midwestern United States. It is located in Michigan's Lower Peninsula, and has a population of just over 1,000 people. It offers a quiet atmosphere with plenty of outdoor activities like fishing and boating on nearby lakes. There are also several local stores and businesses such as Elmira Grocery Store, Elmira Hardware Store, and Elmira Auto Repair that cater to residents' needs. The cost of living in Elmira is slightly lower than the national average with two bedroom rent costing $940 compared to $1 430 nationally. Additionally, the grocery cost index is 91 versus 100 in the US which makes it an affordable place to live.

Elmira (zip 49730) has an unemployment rate of 6.9%. The US average is 6.0%.

Elmira (zip 49730) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for Elmira (zip 49730)
- The Sales Tax Rate for Elmira (zip 49730) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elmira (zip 49730) 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 Elmira (zip 49730)
- The average income of a Elmira (zip 49730) resident is $20,712 a year. The US average is $28,555 a year.
- The Median household income of a Elmira (zip 49730) resident is $65,139 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElmira, MichiganUnited States
  6.96
  -5.5%-6.2%
  27.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,227$37,638
  $65,139$69,021
  $72,083$85,028
  Population by Occupation
  1.7%1.2%
  3.1%0.5%
  5.5%6.8%
  20.4%10.0%
  2.8%2.5%
  12.5%11.0%
  3.6%4.8%
  1.4%0.8%
  2.0%1.9%
  1.0%4.7%
  0.0%1.9%
  2.5%7.6%
  0.0%0.1%
  4.0%4.2%
  5.4%9.3%
  13.1%14.0%
  4.6%2.1%
  10.3%7.0%
  1.6%4.8%
  4.4%4.7%
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