Zip 48855 (Howell, MI) Economy


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Located in Howell, Michigan, 48855 is a great place to live. It offers low rent costs at only $1,400 for a two-bedroom apartment and grocery prices that are slightly lower than the national average. Families or individuals looking to make 48855 home are able to do so with minimal cost of living. The area is also known for its thriving local businesses, such as Main Street Bistro, Country Kitchen & Grill, and The Frog Pad Brewing Company. Not only that, but 48855 has access to major retail stores like Walmart and Target. With plenty of job opportunities, affordable rent costs and local businesses all around, it's no wonder many people choose to call 48855 home.

Howell (zip 48855) has an unemployment rate of 3.3%. The US average is 6.0%.

Howell (zip 48855) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.

Tax Rates for Howell (zip 48855)
- The Sales Tax Rate for Howell (zip 48855) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Howell (zip 48855) 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 Howell (zip 48855)
- The average income of a Howell (zip 48855) resident is $31,031 a year. The US average is $28,555 a year.
- The Median household income of a Howell (zip 48855) resident is $87,137 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHowell, MichiganUnited States
  3.36
  -10.5%-6.2%
  38.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $37,463$37,638
  $87,137$69,021
  $99,613$85,028
  Population by Occupation
  1.0%1.2%
  0.1%0.5%
  9.3%6.8%
  16.2%10.0%
  3.3%2.5%
  11.4%11.0%
  2.4%4.8%
  0.8%0.8%
  1.2%1.9%
  3.6%4.7%
  1.9%1.9%
  7.5%7.6%
  0.0%0.1%
  1.7%4.2%
  9.0%9.3%
  15.9%14.0%
  1.0%2.1%
  5.1%7.0%
  5.5%4.8%
  3.2%4.7%
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