The 48723 ZIP Code is associated with the city of Caro in Michigan in Tuscola County in the United States. The current population estimate is 12,050. It is estimated that about 15.1% of residents in this Michigan region hold a bachelor's degree or higher, while the per capita income is approximately $27,296. Median househould income is at $48,197, with an estimated 9% of the population living below the poverty line.
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The median household income in ZIP Code 48723 is $48,197, while the region's mean household income is $64,161. Breaking income down further, per capita income in the region is $27,296. The per capita income in ZIP Code 48723 of $27,296 is approximately 13.93% less than the per capita income in the U.S. overall of $31,713. An estimated 8.7% of the population is living below the poverty line in this region. This rate is approximately 8.42% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 17.6% of the population in 48723 earn $50,000 to $74,999 per year, while an estimated 15.0% earn $35,000 to $49,999 per year, and 2.6% of 48723 residents earn $200,000 or more per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 7.9% |
| $10,000 to $14,999 per year | 5.3% |
| $15,000 to $24,999 per year | 9.9% |
| $25,000 to $34,999 per year | 14.7% |
| $35,000 to $49,999 per year | 15.0% |
| $50,000 to $74,999 per year | 17.6% |
| $75,000 to $99,999 per year | 11.1% |
| $100,000 to $149,999 per year | 12.9% |
| $150,000 to $199,999 per year | 3.0% |
| $200,000 or more per year | 2.6% |
Looking at race in the population that makes up ZIP Code 48723, 98.4% is one race, while 1.6% are two or more races. Approximately 3.6% of 48723 residents are hispanic or Latino (of any race). The most common race in 48723 (race alone or in combination with one or more other races), is White (97.4%), followed by Black or African American (1.9%) .
| Industry | Percent |
|---|---|
| White | 97.4% |
| Black or African American | 1.9% |
| American Indian and Alaska Native | 1.4% |
| Asian | 0.6% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 0.3% |
Residents of ZIP Code 48723 are older than average. The median age of 45.4 years in ZIP Code 48723 is approximately 19.16% higher than the overall median age in the U.S. of 38.1 years. About 79.6% of residents are aged 18 years and older, and 25.1% of residents are 62 years and over. Approximately 13.9% of the population in 48723 falls in the age group 45 to 54 years, while an estimated 12.1% are aged 65 to 74 years. On the low end of the scale, 3.4% of 48723 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 4.4% |
| 5 to 9 years | 6.0% |
| 10 to 14 years | 5.4% |
| 15 to 19 years | 6.4% |
| 20 to 24 years | 5.6% |
| 25 to 34 years | 10.8% |
| 35 to 44 years | 10.8% |
| 45 to 54 years | 13.9% |
| 55 to 59 years | 8.4% |
| 60 to 64 years | 6.9% |
| 65 to 74 years | 12.1% |
| 75 to 84 years | 5.8% |
| 85 years and over | 3.4% |
In ZIP Code 48723, 97.3% of the population lists "English only" as the language spoken in home, while 1.6% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 0.7% of homes, and other Indo-European languages are spoken in 0.4% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Tuscola County region.
| Language Spoken | Percent |
|---|---|
| English only | 97.3% |
| Spanish | 1.6% |
| Other Indo-European languages | 0.7% |
| Asian and Pacific Islander languages | 0.4% |
| Other languages | 0.0% |
Regarding the age of homes in ZIP Code 48723, an estimated 20.3% of homes were built between 1970 and 1979. Additionally, 15.6% of homes in the region were built in 1939 or earlier, while an estimated 0.6% of homes were built in 2014 or later in this Tuscola County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.6% |
| Built between 2010 and 2013 | 1.2% |
| Built between 2000 and 2009 | 10.0% |
| Built between 1990 and 1999 | 11.5% |
| Built between 1980 and 1989 | 10.3% |
| Built between 1970 and 1979 | 20.3% |
| Built between 1960 and 1969 | 12.3% |
| Built between 1950 and 1959 | 11.4% |
| Built between 1940 and 1949 | 6.8% |
| Built in 1939 or earlier | 15.6% |
In ZIP Code 48723, 88.6% of the population graduated high school, while 15.1% have a bachelor's degree or higher. In this region, 2.9% achieved an education level less than 9th grade, while 5.7% hold a graduate or professional degree. Approximately 39.5% in this Tuscola County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 2.9% |
| 9th to 12th grade, no diploma | 8.5% |
| High school graduate (includes equivalency) | 39.5% |
| Some college, no degree | 23.8% |
| Associate's degree | 10.3% |
| Bachelor's degree | 9.4% |
| Graduate or professional degree | 5.7% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 48723 is current access to health insurance, as an estimated 92.2% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 48723 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 92.2% |
| Risk Behavior | Percent of adults* |
|---|
Regarding solar power potential, ZIP Code 48723 has an average daily solar radiation level of 4.46 kWh/m2/day. This is approximately 8.25% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 32.32% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 48723 | 12.71¢/kWh | 10.39¢/kWh | 7.62¢/kWh |
| Michigan | 19.67¢/kWh | 13.86¢/kWh | 8.19¢/kWh |
| United States | 16.63¢/kWh | 13.39¢/kWh | 8.72¢/kWh |
| Month | ZIP Code 48723 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 2.66 | 1.9 | 5.84 |
| Feb | 3.73 | 3 | 6.31 |
| Mar | 4.75 | 3.65 | 7.02 |
| Apr | 5.36 | 5.13 | 7.3 |
| May | 5.35 | 5.17 | 7.13 |
| Jun | 5.88 | 5.72 | 6.95 |
| Jul | 5.87 | 6.22 | 6.51 |
| Aug | 5.71 | 6.08 | 6.65 |
| Sep | 5.43 | 5.15 | 7.02 |
| Oct | 4.02 | 3.32 | 6.92 |
| Nov | 2.74 | 2.33 | 5.99 |
| Dec | 2.04 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 48723, credit reporting or other personal consumer reports have received the most complaints in 48723 in the past 12 months. Checking or savings account received the second most complaints. The most frequent complaint overall in this Tuscola County region was improper use of a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or other personal consumer reports | 6 |
| Checking or savings account | 2 |
| Money transfer, virtual currency, or money service | 1 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Improper use of your report | 6 |
| Managing an account | 2 |
| Unauthorized transactions or other transaction problem | 1 |
In 48723, 53.7% of the population is in the labor force. Recent estimates place 3.7% as working from home, while the total labor force in the region has a mean travel to time to work of 28.2 minutes. Approximately 29.3% of the employed population 16 years and over in 48723 work in educational services, and health care and social assistance, while an estimated 14.4% work in manufacturing. On the lower end of the scale, just 1.8% of 48723 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 3.3% |
| Construction | 10.8% |
| Manufacturing | 14.4% |
| Wholesale trade | 3.2% |
| Retail trade | 8.8% |
| Transportation and warehousing, and utilities | 4.0% |
| Information | 1.8% |
| Finance and insurance, and real estate and rental and leasing | 3.9% |
| Professional, scientific, management, and administrative | 5.2% |
| Educational services, and health care and social assistance | 29.3% |
| Arts, entertainment, and recreation, and accommodation and food services | 5.8% |
| Other services, except public administration | 6.6% |
| Public administration | 3.0% |