Bangor, MI is a small city located in Van Buren County. It has a population of around 3,000 people and is a great place to live due to its low cost of living. The average 2 bedroom rent price is $870, which is significantly lower than the US average of $1,430. In addition, Bangor's grocery cost index stands at 92 versus 100 in the US - further indicating that this area is more affordable than other places.
Bangor has several local companies that provide jobs for its residents such as Edina Realty, D&D Tree Service LLC, and Firehouse Subs. There are also plenty of restaurants and shops available for shopping and entertainment purposes. All in all, Bangor provides its residents with an affordable cost of living while still providing ample opportunities for employment and fun activities to do in or around town.
Bangor has an unemployment rate of 6.6%. The US average is 6.0%.
Bangor has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Bangor
- The Sales Tax Rate for Bangor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bangor 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 Bangor
- The average income of a Bangor resident is $18,610 a year. The US average is $37,638 a year.
- The Median household income of a Bangor resident is $45,598 a year. The US average is $69,021 a year.