\nPontiac, MI is an urban city located in Oakland County with a population of 48,342. The average rent for a 2-bedroom apartment is $1,090 which is much lower than the US average of $1,430. Living costs are also more affordable in Pontiac with the Grocery Cost Index at 90 compared to the nation’s index of 100. This makes both living and working in Pontiac a great choice. Popular local companies include American Axle & Manufacturing, General Motors (GM), United Solar Ovonics and Rehmann Corporate Headquarters. There is plenty to explore with popular attractions such as Cranbrook Institute of Science, The Detroit Zoo and Meadowbrook Hall.
Pontiac (zip 48342) has an unemployment rate of 8.3%. The US average is 6.0%.
Pontiac (zip 48342) has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Pontiac (zip 48342)
- The Sales Tax Rate for Pontiac (zip 48342) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pontiac (zip 48342) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Pontiac (zip 48342)
- The average income of a Pontiac (zip 48342) resident is $15,899 a year. The US average is $37,638 a year.
- The Median household income of a Pontiac (zip 48342) resident is $28,561 a year. The US average is $69,021 a year.