Zip 48873 (Pewamo, MI) Economy


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United States / Michigan / No Metro Area / Ionia County / No City / Pewamo (zip 48873)
Pewamo, MI is a small town located in east-central Michigan. Its population is roughly 48873 people and it offers affordable housing with a two bedroom rent of only $890 compared to the US average of $1,430. In terms of grocery cost, Pewamo also has an index of 94 versus 100 in the US. There are many local companies in Pewamo that provide services to the community, such as the P&M Auto Repair Inc., which offers various car services for cars and trucks. Additionally, there is Peterson’s Hardware & Supply which provides supplies for home improvement projects or DIYers. Furthermore, Pewamo Office Supply & Printing LLC helps local businesses and organizations meet their printing needs. Lastly, Pewamo Pharmacy is available to assist customers with their healthcare needs.

Pewamo (zip 48873) has an unemployment rate of 4.7%. The US average is 6.0%.

Pewamo (zip 48873) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Pewamo (zip 48873)
- The Sales Tax Rate for Pewamo (zip 48873) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pewamo (zip 48873) 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 Pewamo (zip 48873)
- The average income of a Pewamo (zip 48873) resident is $28,055 a year. The US average is $28,555 a year.
- The Median household income of a Pewamo (zip 48873) resident is $82,607 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPewamo, MichiganUnited States
  4.76
  -4.7%-6.2%
  32.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $29,054$37,638
  $82,607$69,021
  $84,929$85,028
  Population by Occupation
  2.0%1.2%
  0.2%0.5%
  4.4%6.8%
  16.5%10.0%
  1.1%2.5%
  2.8%11.0%
  3.7%4.8%
  1.6%0.8%
  0.0%1.9%
  3.4%4.7%
  3.2%1.9%
  3.9%7.6%
  0.0%0.1%
  0.0%4.2%
  17.8%9.3%
  11.2%14.0%
  3.2%2.1%
  3.0%7.0%
  6.6%4.8%
  15.5%4.7%
Health