Newberry, MI is a small city located in the Upper Peninsula of Michigan and is known for its nature-filled environment. It is a great place to live for those who want to escape the hustle and bustle of big cities. The rent for a two bedroom apartment in Newberry is around $760 per month which is much lower than the average rent of $1,430 across the United States. Additionally, grocery costs are lower in Newberry as well, with an index rating of 90 compared to 100 in the US.
Newberry provides plenty of outdoor activities such as fishing, camping, and kayaking on nearby lakes. There are also many locally owned businesses that make it easy for residents to access what they need without having to travel far. Some popular local companies include Keweenaw Brewing Company, Yooper Shirts and Houghton County Supply Company. There are also many scenic attractions nearby such as Tahquamenon Falls State Park and Whitefish Point Light Station Museum. All these factors make Newberry an attractive destination for those looking for a peaceful place to live or visit.
Newberry has an unemployment rate of 7.6%. The US average is 6.0%.
Newberry 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 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Newberry
- The Sales Tax Rate for Newberry is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newberry 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 Newberry
- The average income of a Newberry resident is $17,741 a year. The US average is $28,555 a year.
- The Median household income of a Newberry resident is $40,893 a year. The US average is $69,021 a year.