Grand Beach, MI is an attractive destination for those who are looking for a more affordable place to live. Rent for a two-bedroom apartment in Grand Beach, MI is almost $420 cheaper than the US average of $1,430. In addition to lower rent prices, groceries in Grand Beach are also cheaper than the US average. The Grocery Cost Index in Grand Beach is 98 compared to 100 in the US.
Additionally, Grand Beach offers a wide variety of local companies for residents and visitors alike. Some notable businesses include Michigan Maid Ice Creamery, The Lighthouse Bar & Grill, Brewsters Brewery & Sports Pub, and Torino's Pizza & Subs. Overall, living or visiting Grand Beach seems like a great option due to its lower rent costs and grocery prices as well as its plentiful selection of local businesses.
Grand Beach has an unemployment rate of 5.8%. The US average is 6.0%.
Grand Beach has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Grand Beach
- The Sales Tax Rate for Grand Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Beach 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 Grand Beach
- The average income of a Grand Beach resident is $94,639 a year. The US average is $37,638 a year.
- The Median household income of a Grand Beach resident is $103,000 a year. The US average is $69,021 a year.