Zip 48832 (Elwell, MI) Economy


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United States / Michigan / Alma Metro Area / Gratiot County / No City / Elwell (zip 48832)
4883 Elwell, MI is a small city located in central Michigan. It is known for its peaceful atmosphere and charming downtown area. The average two-bedroom rent in Elwell is $1,030, which is significantly lower than the national average of $1,430. The local grocery cost index in Elwell is 90 versus 100 in the US.
Elwell's downtown area offers many services and amenities to its residents. Popular local stores include the Super 8 Grocery Store where you can find all your groceries needs and Dunlap's Hardware which carries a variety of hardware supplies and tools. For dining out, there are plenty of great restaurants such as Kuzawa’s Kitchen which serves homestyle cooking and Flavor Factory Café where you can enjoy delicious breakfast all day long. There are also several boutique shops around town offering unique gifts and souvenirs as well as a movie theater playing the latest films. In Elwell you can experience a truly unique Midwest community atmosphere that’s perfect for travelers or those looking to settle down.

Elwell (zip 48832) has an unemployment rate of 5.6%. The US average is 6.0%.

Elwell (zip 48832) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Elwell (zip 48832)
- The Sales Tax Rate for Elwell (zip 48832) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elwell (zip 48832) 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 Elwell (zip 48832)
- The average income of a Elwell (zip 48832) resident is $19,243 a year. The US average is $28,555 a year.
- The Median household income of a Elwell (zip 48832) resident is $60,764 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElwell, MichiganUnited States
  5.66
  -4.5%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,617$37,638
  $60,764$69,021
  $58,304$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.3%6.8%
  16.6%10.0%
  0.0%2.5%
  11.0%11.0%
  5.4%4.8%
  0.0%0.8%
  2.3%1.9%
  5.9%4.7%
  0.7%1.9%
  6.4%7.6%
  0.0%0.1%
  2.3%4.2%
  5.3%9.3%
  15.5%14.0%
  2.0%2.1%
  3.6%7.0%
  4.8%4.8%
  5.9%4.7%
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