48140 Ida, MI is a small town located in Monroe County. It has a population of roughly 2,360 people according to the most recent census estimates. The median household income for this area is $64,200 which is higher than the state average.
The cost of living in 48140 Ida, MI is relatively low compared to other areas in Michigan due to its location. The 2 bedroom rent in Ida is only $910 per month versus the US average of $1,430 making it an affordable place to live. The Grocery Cost Index for this area is also 95 compared to 100 for the US overall signifying that groceries are even more affordable here than they are elsewhere in America.
There are several businesses located around 48140 Ida, MI including local favorites like Zafire Grille & Pub, Beaners Coffeehouse, and Pretty Lake Campground and Resort which all provide various services to locals and visitors alike. There are also some small boutiques like Mimi's Boutique and Twice Upon A Time offering unique items from hand-crafted jewelry and home décor pieces to vintage clothing items perfect for a one-of-a-kind look.
Ida (zip 48140) has an unemployment rate of 5.6%. The US average is 6.0%.
Ida (zip 48140) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Ida (zip 48140)
- The Sales Tax Rate for Ida (zip 48140) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ida (zip 48140) 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 Ida (zip 48140)
- The average income of a Ida (zip 48140) resident is $30,659 a year. The US average is $28,555 a year.
- The Median household income of a Ida (zip 48140) resident is $87,400 a year. The US average is $69,021 a year.