Zip 48042 (Macomb, MI) Economy


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Macomb, MI is a city in Macomb County with a population of around 48042. It is known for its strong economy, diverse culture and wide range of amenities. The cost of renting a two bedroom apartment in Macomb, MI is $1,750, which is higher than the national average of $1,430. Additionally, the Grocery Cost Index in Macomb is 100 compared to the US average of 100. This means that groceries are just as expensive in this area as they are elsewhere in the nation. Businesses located in Macomb include Walmart, Target, Meijer and Kroger grocery stores as well as several restaurants and retail stores. With such a diverse range of businesses to choose from, it's easy to find what you're looking for while living in Macomb.

Macomb (zip 48042) has an unemployment rate of 2.8%. The US average is 6.0%.

Macomb (zip 48042) 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 40.9%, which is higher than the US average of 33.5%.

Tax Rates for Macomb (zip 48042)
- The Sales Tax Rate for Macomb (zip 48042) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Macomb (zip 48042) 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 Macomb (zip 48042)
- The average income of a Macomb (zip 48042) resident is $42,725 a year. The US average is $37,638 a year.
- The Median household income of a Macomb (zip 48042) resident is $114,395 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMacomb, 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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