The small town of Colon in Michigan has an affordable cost of living when compared to the US average. The two bedroom rent for Colon is only $840, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Colon is 93 whereas it is 100 in the US. This makes Colon a great option for those looking to live frugally without sacrificing location or amenities. Local companies like Bowers Farm Market, The Toy Box, and Ray鈥檚 Pizzeria provide residents with food and entertainment options without having to travel too far from home. Overall, Colon is a great place to live if you're looking for an affordable living situation with plenty of local resources nearby!
Colon (zip 49040) has an unemployment rate of 4.9%. The US average is 6.0%.
Colon (zip 49040) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Colon (zip 49040)
- The Sales Tax Rate for Colon (zip 49040) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colon (zip 49040) 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 Colon (zip 49040)
- The average income of a Colon (zip 49040) resident is $30,941 a year. The US average is $37,638 a year.
- The Median household income of a Colon (zip 49040) resident is $54,143 a year. The US average is $69,021 a year.