Located in Saginaw County, 48638 Saginaw, MI is a great place for anyone looking to rent. The average 2 bedroom rent in this area is $920 a month, which is significantly lower than the US average of $1,430. This makes it very attractive for those looking to save money on living costs. Furthermore, the Grocery Cost Index in 48638 Saginaw, MI is 93 versus 100 in the US. This means groceries are cheaper in this area than most places throughout the country.
48638 Saginaw, MI is home to several large companies including General Motors Corporation, Nexteer Automotive Corporation and Covenant HealthCare Urology Group LLC. It also hosts many small businesses such as Tractor Supply Company, Great Lakes Bay Regional Alliance and Great Lakes Bay Health Centers Inc., making it a great place for anyone interested in working or starting their own business.
Saginaw (zip 48638) has an unemployment rate of 3.7%. The US average is 6.0%.
Saginaw (zip 48638) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Saginaw (zip 48638)
- The Sales Tax Rate for Saginaw (zip 48638) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Saginaw (zip 48638) 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 Saginaw (zip 48638)
- The average income of a Saginaw (zip 48638) resident is $27,741 a year. The US average is $28,555 a year.
- The Median household income of a Saginaw (zip 48638) resident is $57,767 a year. The US average is $69,021 a year.