Ithaca, Michigan is a small city in Gratiot County with a population of just over 2,200 people. It is known for its quaint downtown area and friendly atmosphere. The average rent for a two bedroom apartment in Ithaca is $840 per month, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Ithaca is 91 versus 100 nationally. This means groceries on average are 9% cheaper in Ithaca compared to the rest of the country.
In Ithaca there are several local businesses that locals enjoy shopping at including Lou’s Supermarket, Irwin’s Gas Station & Repair Shop, and Woods Market Place Deli & Bakery. There are also many restaurants such as Pizza Corner Café and Ponderosa Bar & Grill. In addition to local shopping and dining options, Ithaca has a thriving arts scene with galleries like The Art House Gallery and events such as live music nights at Chatterbox Audio.
Ithaca (zip 48847) has an unemployment rate of 5.6%. The US average is 6.0%.
Ithaca (zip 48847) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Ithaca (zip 48847)
- The Sales Tax Rate for Ithaca (zip 48847) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ithaca (zip 48847) 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 Ithaca (zip 48847)
- The average income of a Ithaca (zip 48847) resident is $28,592 a year. The US average is $37,638 a year.
- The Median household income of a Ithaca (zip 48847) resident is $57,250 a year. The US average is $69,021 a year.