Bay City, MI Metro Area is located on the Saginaw Bay in the mid-Michigan region and is a hub of manufacturing, technology, and trade. It has a relatively low cost of living compared to other parts of the country, with an average two bedroom rent of $880 compared to the US average of $1,430. The Grocery Cost Index in Bay City is also 90 versus 100 in the US. Local companies include Gerace Construction Company, Rolled Alloys Inc., Delta College, and Chemical Bank among others. With a wide variety of industries available to both residents and visitors, Bay City continues to be an attractive place for many people to call home.
Bay City Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Bay City Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Bay City Metro Area
- The Sales Tax Rate for Bay City Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bay City Metro Area 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 Bay City Metro Area
- The average income of a Bay City Metro Area resident is $24,538 a year. The US average is $28,555 a year.
- The Median household income of a Bay City Metro Area resident is $52,510 a year. The US average is $69,021 a year.