Bagley, MI is a charming city located in the eastern part of the state. It has a population of around 1,400 people and is known for its small-town charm and friendly atmosphere. Rent for two bedroom apartments can be found for $780 a month, which is significantly lower than the US average of $1,430. Additionally, grocery costs are also lower in Bagley compared to the national index with an index score of 92 versus 100 in the US.
The economy of Bagley is largely agricultural and forestry based, although other industries such as tourism have been steadily increasing over time. There are several local companies that residents may know like Moose Lake Logging and Bauman Farms. In addition to work opportunities, there are plenty of activities available in town including fishing at Moose Lake or golfing at Ridgewood Country Club. Bagley also boasts several parks perfect for picnics and outdoor sports like basketball or tennis.
Bagley has an unemployment rate of 6.9%. The US average is 6.0%.
Bagley 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 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Bagley
- The Sales Tax Rate for Bagley is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bagley 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 Bagley
- The average income of a Bagley resident is $24,491 a year. The US average is $28,555 a year.
- The Median household income of a Bagley resident is $66,825 a year. The US average is $69,021 a year.