49871 Palmer, MI is a suburb of Detroit located in Oakland County. It is a small community with a population of approximately 4,000 people and is conveniently situated close to highways I-75 and I-696. The median 2 bedroom rent for the area is $820 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Palmer is 88 versus 100 in the US which makes groceries generally more affordable than most parts of the country.
The area offers many attractions such as Plum Hollow Golf Club and Country Club, Oak Hills Golf Course, and Bloomer Park. Downtown Palmer has several locally owned stores such as Charley’s Produce Market, Riverbend Books & Music Store, and The Panther Den Tavern & Grill. Also nearby are Walled Lake Beach, Kensington Metropark Farm Center, and Red Oaks Waterpark. Major roads that run through Palmer are Orchard Lake Road, Pontiac Trail Road North and South, Haggerty Road North and South as well as Westacres Drive.
Palmer (zip 49871) has an unemployment rate of 5.9%. The US average is 6.0%.
Palmer (zip 49871) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Palmer (zip 49871)
- The Sales Tax Rate for Palmer (zip 49871) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palmer (zip 49871) 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 Palmer (zip 49871)
- The average income of a Palmer (zip 49871) resident is $25,679 a year. The US average is $37,638 a year.
- The Median household income of a Palmer (zip 49871) resident is $55,313 a year. The US average is $69,021 a year.