Zip 49242 (Hillsdale, MI) Economy


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Hillsdale, MI is a great place to live with an affordable cost of living. The 2 bedroom rent in Hillsdale is $850 compared to the US average of $1,430. Additionally, the grocery cost index in Hillsdale is 93 compared to 100 in the US. This makes Hillsdale an attractive option for those looking for affordability. There are several companies that offer employment opportunities in Hillsdale such as Walmart, Goodwill Industries, and Hillsdale Community Health Center. Hillsdale also offers plenty of recreational activities, making it an ideal location for families and individuals looking for a relaxed lifestyle with affordable living costs.

Hillsdale (zip 49242) has an unemployment rate of 5.4%. The US average is 6.0%.

Hillsdale (zip 49242) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Hillsdale (zip 49242)
- The Sales Tax Rate for Hillsdale (zip 49242) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale (zip 49242) 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 Hillsdale (zip 49242)
- The average income of a Hillsdale (zip 49242) resident is $20,875 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale (zip 49242) resident is $52,198 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHillsdale, MichiganUnited States
  5.46
  -7.2%-6.2%
  27.1%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,189$37,638
  $52,198$69,021
  $67,222$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  3.9%6.8%
  19.2%10.0%
  1.1%2.5%
  13.8%11.0%
  2.4%4.8%
  0.4%0.8%
  0.8%1.9%
  2.4%4.7%
  1.2%1.9%
  3.4%7.6%
  0.0%0.1%
  2.1%4.2%
  21.6%9.3%
  12.1%14.0%
  0.7%2.1%
  8.8%7.0%
  2.4%4.8%
  2.8%4.7%
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