Richmond, Michigan (48062) offers an affordable lifestyle with reasonable 2 bedroom rents of $1,030 compared to the US average of $1,430. The grocery cost index in Richmond is 97 versus 100 in the US which means that groceries are slightly cheaper than the national average. Richmond is a great place to live as there are plenty of local restaurants and businesses such as the Classic Cafe Bakehouse, Classic Catering Services, Starlite Drive-In Theater and the Richmond Ice Cream Shop. Residents can also find plenty of shopping options at Marshall’s Department Store, Kmart and Walmart. Those looking for a richer cultural experience can find it at the Rose Theater or take part in a variety of activities offered by the parks and recreation department.
Richmond (zip 48062) has an unemployment rate of 4.3%. The US average is 6.0%.
Richmond (zip 48062) 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 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Richmond (zip 48062)
- The Sales Tax Rate for Richmond (zip 48062) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 48062) 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 Richmond (zip 48062)
- The average income of a Richmond (zip 48062) resident is $32,495 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 48062) resident is $69,485 a year. The US average is $69,021 a year.