Troy, MI 48098 is a bustling area full of great local companies. It has an average 2 bedroom rent of $1,710, which is quite a bit higher than the national average of $1,430. Additionally, the Grocery Cost Index in Troy is 103 versus the US index of 100. Some local businesses that make this city so great are Troy Design & Manufacturing Co., Michcon Financial Group LLC., and Northwood University Michigan. These three companies have been providing the Troy community with top-notch services for years and are essential pieces to making this city so special.
Troy (zip 48098) has an unemployment rate of 2.9%. The US average is 6.0%.
Troy (zip 48098) has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Troy (zip 48098)
- The Sales Tax Rate for Troy (zip 48098) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 48098) 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 Troy (zip 48098)
- The average income of a Troy (zip 48098) resident is $66,629 a year. The US average is $37,638 a year.
- The Median household income of a Troy (zip 48098) resident is $149,337 a year. The US average is $69,021 a year.