Bark River, MI (zip code 49807) is a small town located in the upper peninsula of Michigan. The cost of living in this area is lower than the US average, with two-bedroom rent being only $850 compared to $1,430 nationwide. Additionally, the grocery cost index in Bark River is 90 versus 100 in the US. This low-cost living makes it an appealing place for those looking to move to a more affordable location.
When it comes to employment opportunities, Bark River offers a variety of local businesses such as Buckley Old Engine Show Inc., Wisdahl Farms Inc., and Hyway Gas Station & Food Mart. There are also some larger companies just a short drive away like BOSS Snowplow Inc., Keweenaw Family Medicine PC, and Straits Area Federal Credit Union. All offer promising prospects for those wishing to start their life anew in Bark River.
Bark River (zip 49807) has an unemployment rate of 6.4%. The US average is 6.0%.
Bark River (zip 49807) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Bark River (zip 49807)
- The Sales Tax Rate for Bark River (zip 49807) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bark River (zip 49807) 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 Bark River (zip 49807)
- The average income of a Bark River (zip 49807) resident is $28,458 a year. The US average is $37,638 a year.
- The Median household income of a Bark River (zip 49807) resident is $62,222 a year. The US average is $69,021 a year.