Bourret, MI is a small town located in Michigan's Upper Peninsula. It has a population of roughly 600 people and is made up of mostly working-class families. The average two bedroom rent in Bourret is $820, which is significantly lower than the national average of $1,430. This makes Bourret an ideal location for those seeking affordable housing options. It's also relatively inexpensive to purchase groceries in Bourret compared to the rest of the United States with a grocery cost index of 91 versus 100 nationally.
Bourret offers local amenities such as restaurants, galleries, retail stores, and outdoor activities. Some popular local companies include Sweetwater Cafe & Bakery, Blackrocks Brewery, My Secret Stash Boutique & Gift Shop, and Great Lakes Timber Sports LLC. All these businesses make it easy for locals to find what they need without leaving town while also giving them plenty of entertainment opportunities.
All in all, Bourret is an ideal place to live due to its low cost of living and high quality amenities. Its close proximity to larger cities gives residents access to more shopping or job opportunities if needed while still maintaining a small-town feel that many enjoy.
Bourret has an unemployment rate of 7.5%. The US average is 6.0%.
Bourret has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Bourret
- The Sales Tax Rate for Bourret is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bourret 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 Bourret
- The average income of a Bourret resident is $20,563 a year. The US average is $28,555 a year.
- The Median household income of a Bourret resident is $48,250 a year. The US average is $69,021 a year.