48414 Bancroft, MI is a small town located in Michigan that offers high quality of life and affordable living. The 2 bedroom rent in the area is $1,040 compared to the US average of $1,430. Also, it has a low grocery cost index at 94 versus the US average of 100. It's perfect for those looking to stay on a budget while enjoying all the local amenities.
Residents will find plenty of local businesses to explore and enjoy including Bancroft Market which offers fresh produce, meat and other groceries; Woodshed Bar & Grill for classic American food and drinks; Hardware Store with all the necessary tools for home improvements; and a variety of shopping outlets. There are also many outdoor activities available such as hiking trails at Sturgeon River Preserve or camping at Wilderness State Park. No matter what you're looking for, 48414 Bancroft, MI has something for everyone!
Bancroft (zip 48414) has an unemployment rate of 5.6%. The US average is 6.0%.
Bancroft (zip 48414) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Bancroft (zip 48414)
- The Sales Tax Rate for Bancroft (zip 48414) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bancroft (zip 48414) 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 Bancroft (zip 48414)
- The average income of a Bancroft (zip 48414) resident is $21,540 a year. The US average is $28,555 a year.
- The Median household income of a Bancroft (zip 48414) resident is $68,750 a year. The US average is $69,021 a year.