Bangor, MI is a small city in Van Buren County with a population of just under 1,000 people. It offers many of the same amenities as its larger neighbors such as Kalamazoo and Grand Rapids, but at a fraction of the cost. The average two bedroom rent is $850 compared to a US average of $1,430. Additionally, the grocery cost index in Bangor is 92 compared to an index of 100 for the US. This means that food costs are 8% lower in Bangor than the national average.
Bangor is known for its variety of locally owned businesses including Kellogg Community Credit Union, Bangor Auto Parts Inc., Cropsey Brothers Auto Care and Sales, and Bud's Pizza & Sub Shop. All of these businesses offer great products and services at competitive prices which helps keep cost-of-living low within the community.
Bangor (zip 49013) has an unemployment rate of 6.6%. The US average is 6.0%.
Bangor (zip 49013) 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 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Bangor (zip 49013)
- The Sales Tax Rate for Bangor (zip 49013) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bangor (zip 49013) 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 Bangor (zip 49013)
- The average income of a Bangor (zip 49013) resident is $21,330 a year. The US average is $37,638 a year.
- The Median household income of a Bangor (zip 49013) resident is $55,918 a year. The US average is $69,021 a year.