Zip 48393 (Wixom, MI) Economy


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48393 Wixom, MI is an excellent place to live for those looking for a low-cost lifestyle. The 2 bedroom rent in the area is $980 per month, which is far less than the US average of $1,430. In addition, groceries are more affordable here as well, with a grocery cost index of 99 versus 100 in the US.
Living in 48393 Wixom will allow you to take advantage of some great local companies. Some of these include Target Corporation and Schmohz Brewing Company. With Target Corporation being just a few minutes away and Schmohz Brewing Company offering delicious beer right here in town, there is something for everyone!

Wixom (zip 48393) has an unemployment rate of 3.5%. The US average is 6.0%.

Wixom (zip 48393) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Wixom (zip 48393)
- The Sales Tax Rate for Wixom (zip 48393) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wixom (zip 48393) 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 Wixom (zip 48393)
- The average income of a Wixom (zip 48393) resident is $29,977 a year. The US average is $28,555 a year.
- The Median household income of a Wixom (zip 48393) resident is $70,215 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWixom, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $40,599$37,638
  $70,215$69,021
  $106,210$85,028
  Population by Occupation
  0.2%1.2%
  0.2%0.5%
  4.2%6.8%
  18.2%10.0%
  2.1%2.5%
  12.5%11.0%
  3.7%4.8%
  0.5%0.8%
  2.6%1.9%
  6.1%4.7%
  1.6%1.9%
  8.5%7.6%
  0.1%0.1%
  4.3%4.2%
  6.3%9.3%
  13.5%14.0%
  0.9%2.1%
  5.3%7.0%
  6.3%4.8%
  3.0%4.7%
Health