48307 Rochester Hills, MI is an attractive area for homeowners and renters alike. The average 2 Bedroom rent is $1,570, which is slightly higher than the national average of $1,430. Additionally, the Grocery Cost index in 48307 Rochester Hills is also at par with the national average at 100. There are many businesses and companies in 48307 Rochester Hills such as O'Connor's Market, which offers fresh produce, meats and deli items; Nino Salvaggio International Marketplace that has a wide selection of groceries from around the world; and Andiamo Italian Steakhouse for a great dining experience.
Rochester Hills (zip 48307) has an unemployment rate of 2.9%. The US average is 6.0%.
Rochester Hills (zip 48307) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Rochester Hills (zip 48307)
- The Sales Tax Rate for Rochester Hills (zip 48307) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rochester Hills (zip 48307) 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 Rochester Hills (zip 48307)
- The average income of a Rochester Hills (zip 48307) resident is $35,993 a year. The US average is $28,555 a year.
- The Median household income of a Rochester Hills (zip 48307) resident is $94,914 a year. The US average is $69,021 a year.