The small town of Ovid, Michigan (48866) has a lot to offer for those looking for an affordable place to live. The 2 bedroom rent for the area is $840, which is significantly cheaper than the US average of $1,430. Additionally, grocery cost index for Ovid is 93 compared to 100 in the US.
Ovid is home to many businesses and local companies including: Casterline's Hardware & Automotive Supply, MacKenzie Supply Co., and A&R Automotive. Casterline's offers quality hardware supplies, MacKenzie Supply provides quality parts and service solutions at competitive prices, and A&R Automotive provides exceptional auto repairs and maintenance services. In addition to these amazing businesses, there are many other places to explore in Ovid such as art galleries, restaurants, parks, and recreation centers offering a wide variety of activities. All in all, Ovid provides an excellent environment for individuals looking for an affordable living option with plenty of opportunities nearby.
Ovid (zip 48866) has an unemployment rate of 4.3%. The US average is 6.0%.
Ovid (zip 48866) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Ovid (zip 48866)
- The Sales Tax Rate for Ovid (zip 48866) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ovid (zip 48866) 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 Ovid (zip 48866)
- The average income of a Ovid (zip 48866) resident is $22,960 a year. The US average is $28,555 a year.
- The Median household income of a Ovid (zip 48866) resident is $64,720 a year. The US average is $69,021 a year.