Bay Port, MI 48720 is a small town located in Huron County, just south of Oscoda. It has a population of about 900 people and is the perfect place for those seeking an away-from-it-all vacation spot. The local economy is largely driven by Lake Huron and its related activities. Two bedroom rent in Bay Port costs around $810 per month, which is noticeably lower than the US average of $1,430 per month. Grocery costs are also relatively low, with an index score of 91 (compared to 100 in the US). \nBusinesses located in Bay Port include the Trescott Township Marina, Petoskey Plastics, Johnson Boat Works and Shiney's Saloon & Grill. Visitors can take advantage of many outdoor activities such as fishing, kayaking and camping. With all these options available, Bay Port makes for a great place to relax and have fun while being close enough to larger cities like Oscoda if needed.
Bay Port (zip 48720) has an unemployment rate of 5.7%. The US average is 6.0%.
Bay Port (zip 48720) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Bay Port (zip 48720)
- The Sales Tax Rate for Bay Port (zip 48720) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bay Port (zip 48720) 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 Port (zip 48720)
- The average income of a Bay Port (zip 48720) resident is $21,565 a year. The US average is $28,555 a year.
- The Median household income of a Bay Port (zip 48720) resident is $48,355 a year. The US average is $69,021 a year.