Elsie, MI (48831) is a great place to live with an affordable cost of living. The average two bedroom rent is $880 compared to the national average of $1,430, meaning it's much cheaper to rent in Elsie than many other places in the US. Additionally, groceries are about 8% less expensive than the US on average; making food costs more manageable for residents. The area also has some local businesses that provide goods and services to locals at a reasonable price. For instance, Smith’s Auto Parts offers quality auto parts and accessories for all types of cars while Stolson Gas & Grocery provides a wide selection of groceries and convenience items. Furthermore, the Elsie Pharmacy provides medication refills and consultation services to help promote better health outcomes in the community. With lower prices for rental properties and groceries as well as the availability of local businesses that provide products at competitive prices, Elsie is an ideal place for anyone looking for an affordable cost of living.
Elsie (zip 48831) has an unemployment rate of 4.3%. The US average is 6.0%.
Elsie (zip 48831) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Elsie (zip 48831)
- The Sales Tax Rate for Elsie (zip 48831) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elsie (zip 48831) 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 Elsie (zip 48831)
- The average income of a Elsie (zip 48831) resident is $20,814 a year. The US average is $28,555 a year.
- The Median household income of a Elsie (zip 48831) resident is $54,467 a year. The US average is $69,021 a year.