Kalamazoo, MI (zip code 49004) is an affordable area with a lower than average cost of living compared to the rest of the United States. For example, the 2 bedroom rent in Kalamazoo is only $1,140 compared to a national rate of $1,430. The Grocery Cost Index in Kalamazoo is also 93 versus 100 in the US. This lower cost of living makes it attractive for individuals and companies looking to locate here. Notable local companies include Stryker Corporation which produces medical products and services, avionics manufacturer Woodward Inc., and WMUK 102.1 FM public radio station. All these businesses benefit from the low cost of living of Kalamazoo making it a great place to do business.
Kalamazoo (zip 49004) has an unemployment rate of 5.1%. The US average is 6.0%.
Kalamazoo (zip 49004) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Kalamazoo (zip 49004)
- The Sales Tax Rate for Kalamazoo (zip 49004) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo (zip 49004) 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 Kalamazoo (zip 49004)
- The average income of a Kalamazoo (zip 49004) resident is $31,095 a year. The US average is $37,638 a year.
- The Median household income of a Kalamazoo (zip 49004) resident is $60,235 a year. The US average is $69,021 a year.