East Bay, MI Economy


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East Bay, MI is a small city located near the eastern shores of Michigan. It is known for its top-notch schools and beautiful landscapes. The city has a low cost of living compared to national averages. The two-bedroom rent in East Bay, MI is $1,110 as opposed to $1,430 in the US on average. Additionally, grocery costs index in East Bay, MI is 97 compared to the US' 100. Local business in East Bay include M&M Grocery Store, East Coast Supplies, and Sweetwater Coffee Roasters. All three businesses are popular amongst locals for their quality products and friendly service.

East Bay has an unemployment rate of 5.7%. The US average is 6.0%.

East Bay has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for East Bay
- The Sales Tax Rate for East Bay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East Bay 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 East Bay
- The average income of a East Bay resident is $28,999 a year. The US average is $28,555 a year.
- The Median household income of a East Bay resident is $77,454 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Bay, MichiganUnited States
  5.76
  -6.8%-6.2%
  34.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $37,456$37,638
  $77,454$69,021
  $90,324$85,028
  Population by Occupation
  0.1%1.2%
  0.7%0.5%
  10.3%6.8%
  11.3%10.0%
  1.7%2.5%
  12.5%11.0%
  2.1%4.8%
  1.3%0.8%
  0.9%1.9%
  4.3%4.7%
  0.9%1.9%
  7.3%7.6%
  0.0%0.1%
  2.9%4.2%
  6.8%9.3%
  14.4%14.0%
  2.2%2.1%
  11.5%7.0%
  4.4%4.8%
  4.7%4.7%
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