Midland, MI is an excellent place to live with a population of 48642. It offers affordable 2 bedroom rent at $1,030 per month compared to the US average of $1,430 for two bedrooms. The cost of living in Midland is relatively reasonable and below the national average with a Grocery Cost Index of 93 compared to the US index of 100. Major companies in Midland include Dow Chemical Company, The Dow Corning Corporation, MidMichigan Health Medical Center, Northeast Michigan Community Mental Health Authority and Northern Automotive Systems Industries. With its affordable housing and the presence of major employers, Midland could be an excellent place to live and work for those who are looking for a comfortable lifestyle.
Midland (zip 48642) has an unemployment rate of 4.2%. The US average is 6.0%.
Midland (zip 48642) has seen the job market increase by 0.0% 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 48642)
- The Sales Tax Rate for Midland (zip 48642) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 48642) 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 48642)
- The average income of a Midland (zip 48642) resident is $31,941 a year. The US average is $28,555 a year.
- The Median household income of a Midland (zip 48642) resident is $68,525 a year. The US average is $69,021 a year.