Fostoria, MI (48435) is an excellent place to live with a wide range of amenities available. The average rent for a two bedroom apartment in Fostoria is $900, which is significantly lower than the US average of $1,430. Additionally, grocery costs are about 90 on the index versus 100 in the US as a whole. Overall, this makes Fostoria an economical choice for those seeking to live in Michigan.
Fostoria is home to several local businesses such as Redi Carpet and Flooring Company, D&D Automotive Repair LLC., and Admired Exteriors LLC. Additionally, there are many restaurants located throughout town like Copper Penny Pub & Grub and Johnson's Bakery Cafe. There are also plenty of shopping and recreational opportunities such as Bay Pointe Golf Club and Fostoria Community Arts Council. Cost of living information includes transportation costs (gas prices), housing costs (rent/mortgage), healthcare costs (premiums or deductibles), utilities (electricity/water bills), taxes (state/local income taxes) and more. All things considered, Fostoria offers many benefits to those who call it home due to its affordability and plethora of activities available to residents.
Fostoria (zip 48435) has an unemployment rate of 6.3%. The US average is 6.0%.
Fostoria (zip 48435) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Fostoria (zip 48435)
- The Sales Tax Rate for Fostoria (zip 48435) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fostoria (zip 48435) 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 Fostoria (zip 48435)
- The average income of a Fostoria (zip 48435) resident is $28,353 a year. The US average is $37,638 a year.
- The Median household income of a Fostoria (zip 48435) resident is $76,222 a year. The US average is $69,021 a year.