The city of Flint, Michigan (48506) is a great place to live for those looking for affordable rent prices. According to recent data, the average 2 bedroom rent in Flint is only $910, significantly lower than the US average of $1,430. Moreover, the Grocery Cost Index in Flint is 86 compared to 100 in the US. This makes it easier for people working within Flint's economy to stretch their wages further.
Flint's economy has historically been based around local manufacturing companies such as General Motors and AC Delco, but over time it has expanded into other sectors such as healthcare with Hurley Medical Center and McLaren Health Care Corporation both having headquarters in the area. The median wage for those employed within Flint is around $31,000 per year. While this may be below the national median wage of $35,000 per year, it still offers a good standard of living when combined with the lower rental costs available in Flint.
Flint (zip 48506) has an unemployment rate of 12.6%. The US average is 6.0%.
Flint (zip 48506) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 18.7%, which is lower than the US average of 33.5%.
Tax Rates for Flint (zip 48506)
- The Sales Tax Rate for Flint (zip 48506) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Flint (zip 48506) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Flint (zip 48506)
- The average income of a Flint (zip 48506) resident is $21,831 a year. The US average is $37,638 a year.
- The Median household income of a Flint (zip 48506) resident is $41,218 a year. The US average is $69,021 a year.