48465 Palms, MI is an inviting small town located near Lake Huron. It is home to a variety of local businesses such as The Palms Grocery Store, Blue Jeanz Boutique, and Roscoe's Auto Shop. This quaint area offers a unique experience for its residents with affordable 2 bedroom rent at just $860 per month. There are also plenty of recreational activities available such as fishing on the lake, visiting the local library or enjoying a nice meal at one of the many restaurants in town. Additionally, the grocery cost index in 48465 Palms is 93 compared to 100 in the US which makes it one of the most economical places to live in Michigan. All these amenities make 48465 Palms a great place to call home.
Palms (zip 48465) has an unemployment rate of 6.4%. The US average is 6.0%.
Palms (zip 48465) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Palms (zip 48465)
- The Sales Tax Rate for Palms (zip 48465) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palms (zip 48465) 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 Palms (zip 48465)
- The average income of a Palms (zip 48465) resident is $25,253 a year. The US average is $28,555 a year.
- The Median household income of a Palms (zip 48465) resident is $54,375 a year. The US average is $69,021 a year.