Silverwood, Michigan has a population of 48760. It is located in the southeastern corner of Sanilac County and is a great place to call home. It offers its residents an affordable cost of living with the average 2-bedroom rent being $1,010, which is significantly lower than the national average of $1,430. The local grocery cost index is also very attractive at 93 compared to 100 nationally.
The city of Silverwood provides its residents with plenty of opportunities for shopping and dining out. Local retail stores such as Pigeon Feed & Seed Co., Buzzards Market and Clover Creek Market offer a variety of products from fresh produce to specialty items. For a relaxing dining experience, visit one of Silverwood’s popular restaurants like The Old Schoolhouse Inn or The Parkway Grill. There are also numerous other activities for all ages such as fishing at Lake Huron, attending live concerts or taking part in outdoor recreation activities like horseback riding or hiking trails. All this makes Silverwood an ideal place to live and work.
Silverwood (zip 48760) has an unemployment rate of 4.9%. The US average is 6.0%.
Silverwood (zip 48760) has seen the job market decrease by -10.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Silverwood (zip 48760)
- The Sales Tax Rate for Silverwood (zip 48760) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silverwood (zip 48760) 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 Silverwood (zip 48760)
- The average income of a Silverwood (zip 48760) resident is $26,731 a year. The US average is $37,638 a year.
- The Median household income of a Silverwood (zip 48760) resident is $53,167 a year. The US average is $69,021 a year.