Ferry, MI is a small town located in the lower peninsula of Michigan. It's known for its friendly people and quaint, historic downtown. The cost of living in Ferry is relatively low when compared to the national average. A two bedroom apartment will set you back about $830 per month, while groceries are around 92 on the cost index versus 100 across the US. There are plenty of local businesses and services to explore in Ferry including restaurants, shops, banks, churches and more. Some notable companies include City Bank & Trust Company, Benson's Automotive Repair & Towing Service, EDS Electrical Contractors and B&K Plumbing Solutions.
Ferry has an unemployment rate of 8.0%. The US average is 6.0%.
Ferry has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Ferry
- The Sales Tax Rate for Ferry is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ferry 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 Ferry
- The average income of a Ferry resident is $20,416 a year. The US average is $28,555 a year.
- The Median household income of a Ferry resident is $46,920 a year. The US average is $69,021 a year.