Located in Midland County, the city of Midland, Michigan is home to about 41,000 people. This makes it a perfect city for those looking for a small town feel with all the amenities of the big city. The 2 bedroom rent in Midland is $920, much lower than the US average of $1,430. Additionally, the Grocery Cost Index is 92 in comparison to 100 in the US. \nThere are many local companies that call this small city home including Dow Chemical Company and The Herbert H. & Grace A. Dow Foundation. Other employers include MidMichigan Health System and Alden B Dow Home and Studio. The area also boasts a robust tourism industry with popular local attractions like Chippewa Nature Center and Whiting Forest of Dow Gardens providing great experiences for visitors from near and far alike.
Midland (zip 48640) has an unemployment rate of 4.2%. The US average is 6.0%.
Midland (zip 48640) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Midland (zip 48640)
- The Sales Tax Rate for Midland (zip 48640) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 48640) 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 Midland (zip 48640)
- The average income of a Midland (zip 48640) resident is $38,191 a year. The US average is $37,638 a year.
- The Median household income of a Midland (zip 48640) resident is $71,131 a year. The US average is $69,021 a year.