Zip 48857 (Morrice, MI) Economy


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United States / Michigan / No Metro Area / Shiawassee County / No City / Morrice (zip 48857)
Located in Morrice, Michigan, 48857 is a great area to live. The two bedroom rent price here is only $950 compared to the US average of $1,430. This makes it an excellent option for those looking for more budget-friendly housing options. Furthermore, the grocery cost index in this area is 94 compared to 100 in the US making food and groceries more affordable as well.
For those looking for affordable housing in 48857 Morrice, MI there are a few local companies that provide great options. These include Mid-Michigan Properties and Miedema Companies Inc., both of which offer quality homes at competitive prices. In addition, there are many other independent landlords as well as rent-to-own programs and HUD homes available in the area – perfect for finding a comfortable and convenient living situation without breaking the bank.

Morrice (zip 48857) has an unemployment rate of 5.6%. The US average is 6.0%.

Morrice (zip 48857) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Morrice (zip 48857)
- The Sales Tax Rate for Morrice (zip 48857) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morrice (zip 48857) 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 Morrice (zip 48857)
- The average income of a Morrice (zip 48857) resident is $24,165 a year. The US average is $28,555 a year.
- The Median household income of a Morrice (zip 48857) resident is $72,596 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMorrice, MichiganUnited States
  5.66
  -7.0%-6.2%
  28.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $29,534$37,638
  $72,596$69,021
  $85,114$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  15.4%6.8%
  14.0%10.0%
  2.1%2.5%
  11.8%11.0%
  6.0%4.8%
  1.3%0.8%
  0.6%1.9%
  4.1%4.7%
  0.6%1.9%
  3.3%7.6%
  0.1%0.1%
  2.9%4.2%
  9.5%9.3%
  11.6%14.0%
  0.1%2.1%
  7.0%7.0%
  4.8%4.8%
  4.4%4.7%
Health