Byron, MI (48418) is a small suburban community located in the heart of Michigan. It has a population of less than 400 people and is known for its close knit community and warm hospitality. The average 2 bedroom rent in Byron is $1,020 compared to the US average of $1,430, making it significantly more affordable than other areas in the state. Additionally, living costs such as groceries are also discounted relative to the US with a grocery cost index of 95 versus 100 in the US.
Byron boasts many local businesses ranging from small family owned stores to larger corporate entities. These include popular eateries like Marco's Pizza, Coco & Jacks Pub and Grille, Franco's Italian Deli, and Nana's Bakery. Local economic development efforts have included expanded public services such as street lighting and enhanced parks as well as increased police presence to ensure safety. There are also plans to create a cultural center for the local community which will further enhance economic growth opportunities.
Byron (zip 48418) has an unemployment rate of 5.6%. The US average is 6.0%.
Byron (zip 48418) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Byron (zip 48418)
- The Sales Tax Rate for Byron (zip 48418) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Byron (zip 48418) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Byron (zip 48418)
- The average income of a Byron (zip 48418) resident is $34,056 a year. The US average is $37,638 a year.
- The Median household income of a Byron (zip 48418) resident is $74,531 a year. The US average is $69,021 a year.