49866 Negaunee, MI is a small city located in Michigan's Upper Peninsula. The cost of living in 49866 Negaunee is relatively low compared to the national average. The two bedroom rent price for 49866 Negaunee, MI is $910 which is approximately 35% lower than the US 2 Bedroom Rent price of $1,430. Additionally, the Grocery Cost Index for 49866 Negaunee, MI is 92 versus 100 in the US, which further indicates that it's cheaper to purchase food items locally.
The local businesses surrounding 49866 Negaunee provide their residents with jobs and services through businesses such as Mid City Auto Care Center Inc., Terrace Inn & Suites by Magnuson Worldwide, and Country Village IGA Supermarket. These local businesses contribute to the quality of life within Negaunee by creating employment opportunities for its citizens and providing affordable services and goods to their customers. All things considered, 49866 Negaunee offers its citizens an excellent cost of living with various job opportunities available from local companies.
Negaunee (zip 49866) has an unemployment rate of 5.9%. The US average is 6.0%.
Negaunee (zip 49866) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Negaunee (zip 49866)
- The Sales Tax Rate for Negaunee (zip 49866) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Negaunee (zip 49866) 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 Negaunee (zip 49866)
- The average income of a Negaunee (zip 49866) resident is $24,625 a year. The US average is $28,555 a year.
- The Median household income of a Negaunee (zip 49866) resident is $65,436 a year. The US average is $69,021 a year.