Bay City, MI is a small city with a population of around 34,000. The average two bedroom rent in Bay City is $880, which is much lower than the nationwide average two bedroom rent of $1,430. Grocery cost index in Bay City is 90 versus 100 in the US. Local companies in Bay City include: Bank of America Financial Center, National Supermarkets Inc., Midland Cogeneration Venture, Huron Web Printing and Graphics Co., and Solar Visions Ltd. These businesses offer services ranging from banking to energy production and printing services that benefit both the local community and beyond.
Bay City (zip 48706) has an unemployment rate of 6.4%. The US average is 6.0%.
Bay City (zip 48706) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Bay City (zip 48706)
- The Sales Tax Rate for Bay City (zip 48706) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bay City (zip 48706) 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 Bay City (zip 48706)
- The average income of a Bay City (zip 48706) resident is $30,723 a year. The US average is $37,638 a year.
- The Median household income of a Bay City (zip 48706) resident is $53,002 a year. The US average is $69,021 a year.