Zip 49088 (Scotts, MI) Economy


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The 2 Bedroom Rent in Scotts, MI is $1,400 which is lower than the US national average of $1,430. Furthermore, the Grocery Cost Index in Scotts is 96 compared to 100 in the US overall. Located near Kalamazoo and Portage, Scotts is known for its rich history and vibrant economy. There are a number of local companies located throughout the town such as Grand Rapids Equestrian Center, Double JJ Resort, The Barn Nursery & Landscaping, and Farm Bureau Insurance-John Visser Agency Inc. These businesses offer services such as equestrian riding lessons, food and entertainment at the resort, landscaping services and agricultural insurance. With its convenient location and low cost of living there are plenty of reasons to live in Scott's area!

Scotts (zip 49088) has an unemployment rate of 5.1%. The US average is 6.0%.

Scotts (zip 49088) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Scotts (zip 49088)
- The Sales Tax Rate for Scotts (zip 49088) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scotts (zip 49088) 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 Scotts (zip 49088)
- The average income of a Scotts (zip 49088) resident is $37,662 a year. The US average is $37,638 a year.
- The Median household income of a Scotts (zip 49088) resident is $92,434 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScotts, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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