Bay de Noc, MI Economy


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Bay de Noc, MI is a small city located near the shores of Lake Michigan. It is known for its scenic views and affordability. The 2 bedroom rent in Bay de Noc is approximately $820, compared to the US average of $1,430. Additionally, the grocery cost index in Bay de Noc is 90 versus 100 nationwide.
There are many well-known companies in Bay de Noc that offer quality services and products to residents. Some of these include Keweenaw Brewing Company, Pine Knob Resort & Suites, and Northern Lanes Family Fun Center. All three provide great experiences for visitors and locals alike!

Bay de Noc has an unemployment rate of 6.4%. The US average is 6.0%.

Bay de Noc has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Bay de Noc
- The Sales Tax Rate for Bay de Noc is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bay de Noc 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 Bay de Noc
- The average income of a Bay de Noc resident is $26,562 a year. The US average is $28,555 a year.
- The Median household income of a Bay de Noc resident is $60,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBay de Noc, MichiganUnited States
  6.46
  -4.9%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,550$37,638
  $60,694$69,021
  $69,375$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  9.3%6.8%
  13.3%10.0%
  1.3%2.5%
  6.7%11.0%
  1.3%4.8%
  0.0%0.8%
  0.0%1.9%
  4.0%4.7%
  0.0%1.9%
  10.7%7.6%
  0.0%0.1%
  0.0%4.2%
  6.7%9.3%
  18.7%14.0%
  0.0%2.1%
  9.3%7.0%
  0.0%4.8%
  17.3%4.7%
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