Zip 49072 (Mendon, MI) Economy


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Mendon, MI (49072) is an attractive location for those looking for an affordable place to call home. The 2 Bedroom Rent in Mendon is $1,010 compared to the US average of $1,430. This amount can help make housing more affordable for families and individuals alike. Along with affordable rent prices, food is also inexpensive in Mendon with a Grocery Cost Index of 93 versus 100 in the US. \nThe city features many businesses including Carquest Auto Parts, a local auto parts shop, and JK Masonry LLC, a professional masonry company that provides services such as tuckpointing and chimney repairs. Additionally, Mendon offers numerous attractions such as Glenwood Farms Creamery & Country Store where visitors can pick up locally made cheeses and ice cream. Last but not least are the delicious dining opportunities available in town including The Villager Restaurant which serves classic American dishes like burgers and milkshakes.

Mendon (zip 49072) has an unemployment rate of 4.9%. The US average is 6.0%.

Mendon (zip 49072) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.

Tax Rates for Mendon (zip 49072)
- The Sales Tax Rate for Mendon (zip 49072) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mendon (zip 49072) 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 Mendon (zip 49072)
- The average income of a Mendon (zip 49072) resident is $21,141 a year. The US average is $28,555 a year.
- The Median household income of a Mendon (zip 49072) resident is $61,083 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMendon, MichiganUnited States
  4.96
  -2.3%-6.2%
  25.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,299$37,638
  $61,083$69,021
  $74,777$85,028
  Population by Occupation
  9.1%1.2%
  0.0%0.5%
  5.3%6.8%
  29.0%10.0%
  0.5%2.5%
  6.2%11.0%
  3.0%4.8%
  0.4%0.8%
  1.0%1.9%
  0.7%4.7%
  0.1%1.9%
  1.8%7.6%
  0.0%0.1%
  9.0%4.2%
  13.0%9.3%
  8.5%14.0%
  0.2%2.1%
  6.4%7.0%
  3.1%4.8%
  2.8%4.7%
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