Zip 49342 (Rodney, MI) Economy


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Rodney, MI, is a small town located in the state of Michigan with an estimated population of 493. The average 2 bedroom rent in this area is $800, which is significantly lower than the US average of $1,430. In addition, Rodney also has a much lower grocery cost index than the US at 92 versus 100. This makes Rodney a great place to live if you are looking for more affordable living options. Those who live and work in Rodney have access to great local businesses such as Rodney Automotive Repair and Supply, Backyard Barbecue & More, and Southside Café. These businesses provide locals with convenient access to auto repairs and supplies, delicious barbeque cuisine, and home-style restaurants respectively.

Rodney (zip 49342) has an unemployment rate of 7.0%. The US average is 6.0%.

Rodney (zip 49342) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.

Tax Rates for Rodney (zip 49342)
- The Sales Tax Rate for Rodney (zip 49342) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rodney (zip 49342) 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 Rodney (zip 49342)
- The average income of a Rodney (zip 49342) resident is $18,144 a year. The US average is $28,555 a year.
- The Median household income of a Rodney (zip 49342) resident is $47,434 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRodney, MichiganUnited States
  76
  -4.9%-6.2%
  21.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $25,794$37,638
  $47,434$69,021
  $63,472$85,028
  Population by Occupation
  4.1%1.2%
  0.5%0.5%
  15.7%6.8%
  16.8%10.0%
  2.1%2.5%
  8.5%11.0%
  3.3%4.8%
  2.5%0.8%
  1.3%1.9%
  2.9%4.7%
  0.5%1.9%
  0.7%7.6%
  0.0%0.1%
  5.2%4.2%
  12.1%9.3%
  11.8%14.0%
  0.8%2.1%
  4.9%7.0%
  1.8%4.8%
  4.6%4.7%
Health