49745 Hessel, MI is a great place to live if you are looking for affordable housing and low cost of living. 2 bedroom rent in this area averages $830 compared to the US rate of $1,430. The grocery cost index is 92 versus 100 in the US, making it an economical choice for groceries as well. Whether relocating or just seeking a new home in the area, 49745 Hessel, MI is a terrific option due to its affordable housing costs. Companies in the area include Evergreen General Store, Hessel Motors Inc., and Les Cheneaux Distilleries. With so many local businesses here, there is no shortage of great shopping and dining opportunities in this neighborhood.
Hessel (zip 49745) has an unemployment rate of 16.2%. The US average is 6.0%.
Hessel (zip 49745) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Hessel (zip 49745)
- The Sales Tax Rate for Hessel (zip 49745) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hessel (zip 49745) 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 Hessel (zip 49745)
- The average income of a Hessel (zip 49745) resident is $25,232 a year. The US average is $28,555 a year.
- The Median household income of a Hessel (zip 49745) resident is $41,726 a year. The US average is $69,021 a year.