Big Bay, MI is a small rural town located in the Upper Peninsula. It is known for its tranquil atmosphere and natural beauty, offering locals and tourists alike an escape from the hustle and bustle of modern day life. Despite being situated in a quiet environment, residents of Big Bay still have access to various amenities such as grocery stores, banks, and restaurants. Two bedroom rent in Big Bay is significantly lower than the US average at $900 compared to $1,430. Additionally, everyday groceries are cheaper here due to a lower Grocery Cost Index of 96 versus 100 in the US. Popular local businesses include A&W Restaurant, Red Apple Market, County Bank Of Michigan and Happy Trails Lodge.
Big Bay has an unemployment rate of 5.9%. The US average is 6.0%.
Big Bay 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 Big Bay
- The Sales Tax Rate for Big Bay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Big Bay 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 Big Bay
- The average income of a Big Bay resident is $32,361 a year. The US average is $28,555 a year.
- The Median household income of a Big Bay resident is $60,147 a year. The US average is $69,021 a year.