Bear Creek, MI is a great place to live for those looking to save some money. The two bedroom rent in Bear Creek is significantly less than the US average of $1,430, with apartments starting at just $990. Not only is housing cost in Bear Creek cheaper than the national average, but it also has a lower Grocery Cost Index score of 95 compared to the US average of 100 which further helps make living there more affordable.
The city boasts many public transportation options such as Bear Creek Transit Authority and Beating Heart Bus Co. On top of that, the city offers many local businesses such as Creekside Outfitters for outdoor apparel and accessories, Jotunheim Coffee Roasters for delicious morning treats and Grounds Up Cafe & Bakery for local breakfast favorites.
Bear Creek has an unemployment rate of 7.5%. The US average is 6.0%.
Bear Creek has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bear Creek
- The Sales Tax Rate for Bear Creek is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Creek 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 Bear Creek
- The average income of a Bear Creek resident is $36,907 a year. The US average is $37,638 a year.
- The Median household income of a Bear Creek resident is $63,952 a year. The US average is $69,021 a year.