48755 Pigeon, MI is a small town located in the Thumb area of Michigan. The estimated population as of 2020 is 784 people. The average two bedroom rent for this area is $980 per month, which is significantly lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Pigeon is 91 versus 100 in the US.
The local economy in 48755 Pigeon is focused on agriculture and small businesses. There are several family-run businesses such as Pigeon’s Pizza Palace and The Downtown Deli that are popular among locals. Additionally, there are three main grocery stores: Food Town Supermarket, Save-A-Lot and Meijer. These stores provide residents with all their necessary groceries at reasonable prices. Other notable companies include ACME Tool & Mfg., Inc which specializes in tool and die making and Craig’s Sanitary Service which provides septic service to nearby towns.
Pigeon (zip 48755) has an unemployment rate of 5.7%. The US average is 6.0%.
Pigeon (zip 48755) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Pigeon (zip 48755)
- The Sales Tax Rate for Pigeon (zip 48755) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pigeon (zip 48755) 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 Pigeon (zip 48755)
- The average income of a Pigeon (zip 48755) resident is $33,215 a year. The US average is $37,638 a year.
- The Median household income of a Pigeon (zip 48755) resident is $56,042 a year. The US average is $69,021 a year.