Hubbell, MI is a small town located in the Upper Peninsula of Michigan. It has a population of just over 500 people and offers a quiet, rural lifestyle for its residents. The average rent for a 2 bedroom apartment is $730, which is significantly lower than the national average of $1,430. The cost of groceries in Hubbell is also relatively low, with an index score of 89 compared to 100 nationally.
In addition to low housing costs, Hubbell's local economy benefits from several longstanding businesses that serve the town's residents. Some examples include Big Boy Restaurant and Gas Station (a local fast food favorite), Keweenaw Country Co-op (for all your grocery needs), and Keweenaw Mountain Lodge (an outdoor adventure resort). Each one provides employment opportunities for locals and adds to Hubbell's economy while helping keep prices low across the board for those who live here.
The overall cost of living in Hubbell is lower than most areas because it is not as densely populated as larger cities and towns throughout the US. Furthermore, with low housing costs combined with steady employment opportunities at local companies like Big Boy Restaurant and Keweenaw Country Co-op, families are able to stretch their dollar further without having to sacrifice on quality or convenience. This makes Hubbell an attractive place to live for people who want a more peaceful lifestyle without breaking the bank.
Hubbell has an unemployment rate of 5.4%. The US average is 6.0%.
Hubbell has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Hubbell
- The Sales Tax Rate for Hubbell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hubbell 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 Hubbell
- The average income of a Hubbell resident is $17,426 a year. The US average is $28,555 a year.
- The Median household income of a Hubbell resident is $45,938 a year. The US average is $69,021 a year.