Zip 48315 (Utica, MI) Economy


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48315 Utica, MI is a great place to live with an array of local businesses to choose from. Within the vicinity, one can find popular stores such as Meijer, Target, and Kohl's. Additionally, there are various restaurants like Olive Garden and Applebee's that make 48315 Utica a great hub for dining out. The 2 bedroom rent in the area is $1,260 compared to the US 2 bedroom rent of $1430 which makes it more affordable than other places. Furthermore, the grocery cost index in 48315 Utica is 101 compared to 100 in the US making it relatively cheaper than other areas too.

Utica (zip 48315) has an unemployment rate of 3.5%. The US average is 6.0%.

Utica (zip 48315) 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 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Utica (zip 48315)
- The Sales Tax Rate for Utica (zip 48315) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Utica (zip 48315) 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 Utica (zip 48315)
- The average income of a Utica (zip 48315) resident is $45,618 a year. The US average is $37,638 a year.
- The Median household income of a Utica (zip 48315) resident is $97,201 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUtica, 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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