Buchanan, Michigan is a city with a population of 3,913 as of 2018. The cost of living in Buchanan is quite affordable with 2 bedroom rent costing $870 compared to the US average of $1,430. Additionally, the Grocery Cost Index for Buchanan is 91 versus 100 in the US which further demonstrates that living costs are generally lower in this city than the national average.
Buchanan鈥檚 local economy has some major employers such as Whirlpool Corporation, TSC Stores LP, J&J Snack Foods Corp., and Martinrea International Inc. These companies provide employment to hundreds of people in this community and contribute towards its economic growth. It is also home to several small businesses such as The Bistro on Front Street cafe & restaurant and The Hair Loft beauty salon.
In conclusion, 49107 Buchanan Michigan is an affordable place to live and work with great local businesses and plenty of job opportunities due to its large employers located there.
Buchanan (zip 49107) has an unemployment rate of 5.8%. The US average is 6.0%.
Buchanan (zip 49107) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Buchanan (zip 49107)
- The Sales Tax Rate for Buchanan (zip 49107) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Buchanan (zip 49107) 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 Buchanan (zip 49107)
- The average income of a Buchanan (zip 49107) resident is $29,246 a year. The US average is $37,638 a year.
- The Median household income of a Buchanan (zip 49107) resident is $58,526 a year. The US average is $69,021 a year.