Davison, MI (48423) is a small town located in Genesee County. It is home to about 5,800 people and boasts an affordable cost of living compared to the US average. The two bedroom rent in this area is only $990 per month, which is significantly lower than the national average of $1,430. Similarly, the grocery cost index in Davison is just 94 which compares favorably with the US price index of 100. This makes it an appealing place for those looking for an inexpensive place to live. In addition to its low living costs, Davison offers many local businesses such as Anderson Collision Inc., Dickey’s Barbecue Pit, Whiting’s Pure Maple Syrup House, and All Seasons Catering. These businesses provide goods and services that are convenient and unique to the Davison community.
Davison (zip 48423) has an unemployment rate of 7.1%. The US average is 6.0%.
Davison (zip 48423) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Davison (zip 48423)
- The Sales Tax Rate for Davison (zip 48423) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Davison (zip 48423) 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 Davison (zip 48423)
- The average income of a Davison (zip 48423) resident is $33,865 a year. The US average is $37,638 a year.
- The Median household income of a Davison (zip 48423) resident is $59,385 a year. The US average is $69,021 a year.