Bay City, MI 48708 is a beautiful mid-Michigan city located in the heart of Bay County. It is home to a thriving economy with numerous local businesses such as The Dow Chemical Company, MichCon, Dow Corning, and United Solar Ovonic. With its quaint downtown area and low population density, it is an attractive place to live for families and professionals alike.
In terms of cost of living, Bay City residents are able to enjoy a high quality of life at an affordable price. The average rent for a two bedroom apartment in 48708 Bay City is just $850 which is significantly lower than the national average of $1,430. Additionally, grocery costs are indexed at 88 compared to 100 nationally which makes it easier for shoppers to stretch their money further. All in all, Bay City provides its inhabitants with plenty of job opportunities and a cost-effective standard of living that can be hard to come by in other parts of the country.
Bay City (zip 48708) has an unemployment rate of 8.2%. The US average is 6.0%.
Bay City (zip 48708) 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 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Bay City (zip 48708)
- The Sales Tax Rate for Bay City (zip 48708) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bay City (zip 48708) 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 (zip 48708)
- The average income of a Bay City (zip 48708) resident is $20,770 a year. The US average is $28,555 a year.
- The Median household income of a Bay City (zip 48708) resident is $43,074 a year. The US average is $69,021 a year.