Caro, MI 48723 has a population of approximately 12,263 and experiences a population change rate of -4.15%. The population density is 94.4 / sq mi .
Caro, MI 48723 has a population of approximately 12,263 and experiences a population change rate of -4.15%. The population density is 94.4 / sq mi .
The median household income for Caro, MI 48723 is $52,712, with 4,964 households and an average household size of 2.46.
The median value of a home in Caro, MI 48723 is $142,500 with an appreciation rate of 14.80%. 74.04% of housing in the state is owned while 20.08% is rented.
The cost of living in Caro, MI 48723 is 83.5 %.
The unemployment rate in Caro, MI 48723 is 4.50%, and recent job growth is at 2.64%. Future job growth is projected at 32.53%.
The sales tax rate in Caro, MI 48723 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Caro, MI 48723 are $13,171, and the school ratio is 17.7:1.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 12.4 degrees. The average rainfall is approximately 33.8 inches per year, with 39.6 inches of snow per year.