Zip 48732 (Essexville, MI) Economy


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United States / Michigan / Bay City Metro Area / Bay County / No City / Essexville (zip 48732)
48732 Essexville, MI is a small town with a population of just over 2000 people. The town is known for its local businesses such as Skidmore's Grocery Store and Collier Automotive Repair which have been providing quality services to the community for generations. The 2 bedroom rent in 48732 Essexville, MI is $850 compared to $1,430 in the US. Additionally, the Grocery Cost Index in 48732 Essexville, MI is 91 versus 100 in the US; this means that residents can enjoy lower grocery costs than most other places in the United States. All these factors combined make 48732 Essexville, MI an attractive place to live for those looking for an affordable lifestyle.

Essexville (zip 48732) has an unemployment rate of 6.4%. The US average is 6.0%.

Essexville (zip 48732) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.

Tax Rates for Essexville (zip 48732)
- The Sales Tax Rate for Essexville (zip 48732) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Essexville (zip 48732) 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 Essexville (zip 48732)
- The average income of a Essexville (zip 48732) resident is $28,755 a year. The US average is $28,555 a year.
- The Median household income of a Essexville (zip 48732) resident is $48,247 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEssexville, MichiganUnited States
  6.46
  -6.1%-6.2%
  19.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,147$37,638
  $48,247$69,021
  $65,172$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  6.6%6.8%
  13.3%10.0%
  2.5%2.5%
  12.7%11.0%
  2.0%4.8%
  1.2%0.8%
  1.4%1.9%
  4.2%4.7%
  1.4%1.9%
  3.9%7.6%
  0.0%0.1%
  2.6%4.2%
  4.4%9.3%
  20.2%14.0%
  0.9%2.1%
  9.0%7.0%
  8.9%4.8%
  3.9%4.7%
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