Butman, MI Economy


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United States / Michigan / No Metro Area / Gladwin County / Butman / Zip Codes
Butman, MI is an affordable city to live in with a two-bedroom rental costing $910 compared to the US average of $1,430. Groceries are also cheaper in Butman with a grocery cost index of 91 compared to 100 on average across the US. The city is home to several popular attractions and companies such as the Butman Zoo and Safari Park, which offers visitors an array of exotic animals, and the iconic Smith's Bakery which has been around for over 20 years. There are also plenty of small businesses like The Green Bean Coffee House and Downtown Pancake Shack located in Butman's downtown area. There are lots of opportunities for those looking to enjoy a healthy lifestyle or just explore what this vibrant town has to offer!

Butman has an unemployment rate of 7.5%. The US average is 6.0%.

Butman has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.

Tax Rates for Butman
- The Sales Tax Rate for Butman is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Butman 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 Butman
- The average income of a Butman resident is $29,602 a year. The US average is $28,555 a year.
- The Median household income of a Butman resident is $58,026 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyButman, MichiganUnited States
  7.56
  -4.7%-6.2%
  23.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $43,371$37,638
  $58,026$69,021
  $59,904$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.3%6.8%
  7.8%10.0%
  0.0%2.5%
  6.9%11.0%
  10.6%4.8%
  3.6%0.8%
  0.0%1.9%
  4.3%4.7%
  0.7%1.9%
  19.6%7.6%
  0.0%0.1%
  4.2%4.2%
  5.9%9.3%
  10.2%14.0%
  0.0%2.1%
  6.8%7.0%
  9.5%4.8%
  5.5%4.7%
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