Zip 49245 (Homer, MI) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Homer, Michigan is a small city located in Calhoun County with a population of 492 people as of 2019. It is known as a peaceful town with plenty of outdoor activities offered throughout its natural settings like parks, lakes, rivers and forests. When it comes to 2 bedroom rent in Homer, MI, the average cost is $920 compared to the US national average of $1,430. Additionally, when it comes to grocery costs index in Homer, MI it averages at 92 compared to the US national average of 100 making groceries slightly cheaper than average for local residents or visitors. Some well-known companies that are based in Homer include Battle Creek Health System and Meijer Pharmacy/MVP Sportsplex.

Homer (zip 49245) has an unemployment rate of 6.4%. The US average is 6.0%.

Homer (zip 49245) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.

Tax Rates for Homer (zip 49245)
- The Sales Tax Rate for Homer (zip 49245) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Homer (zip 49245) 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 Homer (zip 49245)
- The average income of a Homer (zip 49245) resident is $19,225 a year. The US average is $28,555 a year.
- The Median household income of a Homer (zip 49245) resident is $53,814 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHomer, MichiganUnited States
  6.46
  -7.0%-6.2%
  22.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $25,036$37,638
  $53,814$69,021
  $57,399$85,028
  Population by Occupation
  8.8%1.2%
  0.3%0.5%
  6.2%6.8%
  29.2%10.0%
  0.9%2.5%
  9.4%11.0%
  2.1%4.8%
  0.6%0.8%
  0.4%1.9%
  2.4%4.7%
  1.3%1.9%
  0.6%7.6%
  0.0%0.1%
  3.9%4.2%
  8.2%9.3%
  13.5%14.0%
  1.5%2.1%
  5.7%7.0%
  2.5%4.8%
  2.7%4.7%
Health