Hope, Michigan is a small town with a population of 48628 people. It is known as an affordable place to live due to its low cost of living. The average rent for a two-bedroom apartment is $1,090, which is significantly cheaper than the national average of $1,430. Additionally, the grocery cost index in Hope is 91 compared to 100 in other parts of the United States.
The town itself offers a variety of local businesses and attractions that add to its charm. A few notable ones include Stormcloud Brewing Company which offers craft beer made from locally sourced ingredients; Cherryland Appliance Service which provides quality repairs to all major appliances; and The Pines Golf Course an 18-hole course with spectacular views perfect for golfing or taking a leisurely walk outdoors. There are also plenty of outdoor activities such as camping, fishing and boating on nearby lakes and rivers. All these features make Hope Michigan an ideal place for those looking for a rural lifestyle with affordable living costs and plenty of recreational activities at their fingertips.
Hope (zip 48628) has an unemployment rate of 5.2%. The US average is 6.0%.
Hope (zip 48628) has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Hope (zip 48628)
- The Sales Tax Rate for Hope (zip 48628) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hope (zip 48628) 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 Hope (zip 48628)
- The average income of a Hope (zip 48628) resident is $24,276 a year. The US average is $28,555 a year.
- The Median household income of a Hope (zip 48628) resident is $76,429 a year. The US average is $69,021 a year.