Applegate, MI is a small rural town in Michigan's Lower Peninsula. It has an estimated population of 1,420 and has been steadily declining since the 2000 census. The average 2 Bedroom Rent in Applegate is $840 which is considerably lower than the US average of $1,430. The Grocery Cost Index for Applegate is 92 which is 8 points lower than the national average of 100. Local businesses in Applegate help to serve the local economy, providing goods and services to its citizens. Popular stores within the area include Grocery Outlet, Family Hardware Store, Dollar General, Tanilllia's Mexican Restaurant, General Store Bakery & Deli, and Big Boy Restaurants. These establishments help to add character to the city and provide citizens with necessities that they need at a reasonable price.
Applegate (zip 48401) has an unemployment rate of 6.4%. The US average is 6.0%.
Applegate (zip 48401) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Applegate (zip 48401)
- The Sales Tax Rate for Applegate (zip 48401) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Applegate (zip 48401) 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 Applegate (zip 48401)
- The average income of a Applegate (zip 48401) resident is $31,158 a year. The US average is $37,638 a year.
- The Median household income of a Applegate (zip 48401) resident is $53,917 a year. The US average is $69,021 a year.