Beaver Creek, MI is a small city with an affordable cost of living. The average two-bedroom rent rate in Beaver Creek, MI is about $850 which is significantly lower than the national average of $1,430. Grocery prices are also low in Beaver Creek as its Grocery Cost Index is at 90 compared to the US index which is at 100. Local businesses in the area include Johnny's Pizza & Subs, Budget Laundromat & Cleaners, and Red Cedar Veterinary Clinic. Overall, living in Beaver Creek is much more economical than living elsewhere in the US making it a great option for budget-conscious individuals.
Beaver Creek has an unemployment rate of 7.3%. The US average is 6.0%.
Beaver Creek has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Beaver Creek
- The Sales Tax Rate for Beaver Creek is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beaver 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 Beaver Creek
- The average income of a Beaver Creek resident is $21,147 a year. The US average is $28,555 a year.
- The Median household income of a Beaver Creek resident is $50,556 a year. The US average is $69,021 a year.