Boyne City, MI is a small city located in the lower peninsula of Michigan. It is known for its breathtaking views of Lake Charlevoix and its abundance of outdoor activities. Boyne City is home to several local companies such as Boyne Resorts, Boyne Country Sports, and Great Lakes Energy Cooperative. The average rent for a two-bedroom apartment in Boyne City is $900 while the US average rent for the same size apartment is $1,430. Additionally, the grocery cost index in Boyne City is 95 versus 100 in the US which makes it a more affordable place to live than many other cities in America.
Boyne City has an unemployment rate of 6.7%. The US average is 6.0%.
Boyne City has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Boyne City
- The Sales Tax Rate for Boyne City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Boyne City 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 Boyne City
- The average income of a Boyne City resident is $32,555 a year. The US average is $37,638 a year.
- The Median household income of a Boyne City resident is $60,199 a year. The US average is $69,021 a year.