Buckeye, MI Economy


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United States / Michigan / No Metro Area / Gladwin County / Buckeye / Zip Codes
Buckeye, MI is a small town located in the western part of Michigan. It is known for its low cost of living and is a great place to live on a budget. The average two bedroom rent in Buckeye is $870, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Buckeye is also lower than the US with 91 versus 100. If you are looking to save money, Buckeye would be a great option for you. There are also plenty of local attractions and places to visit such as Perrin's Orchard & Cider Mill, Rotary Park, and historic golf courses like Indianwood Golf Club & Resort and Lake Orion Country Club. Additionally, many major companies have made their home in Buckeye such as Guardian Industries and Great Lakes Castings Inc.

Buckeye has an unemployment rate of 7.5%. The US average is 6.0%.

Buckeye has seen the job market decrease by -4.7% 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 Buckeye
- The Sales Tax Rate for Buckeye is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Buckeye 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 Buckeye
- The average income of a Buckeye resident is $24,272 a year. The US average is $37,638 a year.
- The Median household income of a Buckeye resident is $44,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuckeye, MichiganUnited States
  7.56
  -4.7%-6.2%
  23.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,272$37,638
  $44,438$69,021
  $59,625$85,028
  Population by Occupation
  2.9%1.2%
  0.0%0.5%
  5.3%6.8%
  22.3%10.0%
  0.8%2.5%
  18.6%11.0%
  7.4%4.8%
  0.8%0.8%
  0.0%1.9%
  3.3%4.7%
  0.6%1.9%
  1.8%7.6%
  0.0%0.1%
  5.1%4.2%
  2.9%9.3%
  10.9%14.0%
  1.2%2.1%
  7.6%7.0%
  3.9%4.8%
  4.5%4.7%
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