Bad Axe, MI is a small town located in the Thumb Region of Michigan. It has a population of around 3,125 people and is known for its rural charm. Rent for two bedrooms in Bad Axe, MI is about $850 while the US 2 Bedroom rent average cost is $1,430. Grocery costs in Bad Axe are also cheaper with a grocery cost index of 91 versus 100 in the US. The town offers many different amenities to locals and visitors alike including popular local businesses such as Taylor's Country Store, Fox View Apples Farm Market, Sugar Shanty Bakery & Café, and Bad Axe Bowling Alley.
Bad Axe has an unemployment rate of 5.7%. The US average is 6.0%.
Bad Axe has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Bad Axe
- The Sales Tax Rate for Bad Axe is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bad Axe 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 Bad Axe
- The average income of a Bad Axe resident is $19,000 a year. The US average is $28,555 a year.
- The Median household income of a Bad Axe resident is $44,375 a year. The US average is $69,021 a year.