Zip 48845 (Hubbardston, MI) Economy


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United States / Michigan / No Metro Area / Ionia County / No City / Hubbardston (zip 48845)
48845 Hubbardston, MI is a small city in the south-central part of Michigan. The area features small-town charm with big city amenities. Residents enjoy access to nearby shops, restaurants, and entertainment venues. The average two bedroom rent is $880 per month which is significantly lower than the national average of $1,430. Grocery prices are also much lower in the area at an index score of 93 versus the US’s index score of 100. Living costs in this area are quite affordable compared to other areas of the country. There are plenty of local businesses to support including Beran’s Market, Jimmie’s Barber Shop, and Gustafson’s Auto Repair. For those looking for an affordable place to live with many amenities, 48845 Hubbardston is a great option worth considering!

Hubbardston (zip 48845) has an unemployment rate of 4.7%. The US average is 6.0%.

Hubbardston (zip 48845) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Hubbardston (zip 48845)
- The Sales Tax Rate for Hubbardston (zip 48845) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hubbardston (zip 48845) 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 Hubbardston (zip 48845)
- The average income of a Hubbardston (zip 48845) resident is $28,246 a year. The US average is $37,638 a year.
- The Median household income of a Hubbardston (zip 48845) resident is $53,707 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHubbardston, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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