Otisville, Michigan (48463) is a small town located in Genesee County. It has a population of about 1,000 people. The cost of living in Otisville is relatively low compared to the rest of the United States, with a Grocery Cost Index of 94 versus 100 in the US. The average rent for 2 bedrooms is $990, which is much lower than the US average rent for two bedrooms at $1,430. Local companies include MBC Pizza & Subs, Dutch's BBQ & Catering, and K&K Machine Shop Services. All three businesses provide excellent service at an affordable cost. With its low costs of living and rent, Otisville is an attractive place to live for those looking for a more affordable alternative to major cities.
Otisville (zip 48463) has an unemployment rate of 7.1%. The US average is 6.0%.
Otisville (zip 48463) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Otisville (zip 48463)
- The Sales Tax Rate for Otisville (zip 48463) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Otisville (zip 48463) 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 Otisville (zip 48463)
- The average income of a Otisville (zip 48463) resident is $28,530 a year. The US average is $37,638 a year.
- The Median household income of a Otisville (zip 48463) resident is $62,880 a year. The US average is $69,021 a year.