Zip 48164 (New Boston, MI) Economy


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New Boston, Michigan is located in Wayne County and has a population of 48164 people. The average 2 Bedroom rent is $1,520, which is slightly more than the US Average of $1,430. The Grocery Cost Index in New Boston is 96 versus 100 in the US.
New Boston has several businesses that cater to its local community. Companies such as Les’s Refrigeration & Appliance Repair, B & K Auto Detailing LLC and A&R Mobile Detail LLC offer services ranging from auto detailing to appliance repair. There are also a variety of shops like Glamorous Styles Boutique and Unique Auto Repair that serve the community's needs. Residents can also find locally owned restaurants and bars such as Sushiya Japanese Cuisine and Jimmy's Sports Bar & Grill for entertainment.

New Boston (zip 48164) has an unemployment rate of 5.6%. The US average is 6.0%.

New Boston (zip 48164) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.

Tax Rates for New Boston (zip 48164)
- The Sales Tax Rate for New Boston (zip 48164) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Boston (zip 48164) 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 New Boston (zip 48164)
- The average income of a New Boston (zip 48164) resident is $31,112 a year. The US average is $28,555 a year.
- The Median household income of a New Boston (zip 48164) resident is $96,507 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Boston, MichiganUnited States
  5.66
  -10.5%-6.2%
  35.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $42,408$37,638
  $96,507$69,021
  $106,113$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.0%6.8%
  20.2%10.0%
  2.8%2.5%
  11.3%11.0%
  8.0%4.8%
  1.5%0.8%
  1.6%1.9%
  3.0%4.7%
  0.0%1.9%
  4.9%7.6%
  0.3%0.1%
  2.1%4.2%
  7.7%9.3%
  14.5%14.0%
  1.7%2.1%
  3.7%7.0%
  4.0%4.8%
  6.2%4.7%
Health