Minden City, MI is a small town located in the state of Michigan with a population of 48456 people. The median 2 bedroom rent in Minden City is $840, which is significantly lower than the national average of $1,430. This makes Minden City an attractive option for those looking to find affordable housing options. Additionally, the Grocery Cost Index in Minden City is 92 compared to 100 nationally. This means that grocery shopping costs are cheaper in Minden City than elsewhere in the country. Local companies include Harold's Market & Greenhouse, Bill's Auto Parts & Repair, and Great Lakes Tackle & Supply Co. All in all, Minden City provides affordable housing and everyday items which make it an attractive place to live for those looking for lower cost of living expenses.
Minden City (zip 48456) has an unemployment rate of 6.4%. The US average is 6.0%.
Minden City (zip 48456) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Minden City (zip 48456)
- The Sales Tax Rate for Minden City (zip 48456) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Minden City (zip 48456) 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 Minden City (zip 48456)
- The average income of a Minden City (zip 48456) resident is $26,492 a year. The US average is $37,638 a year.
- The Median household income of a Minden City (zip 48456) resident is $53,438 a year. The US average is $69,021 a year.