Zip 49616 (Benzonia, MI) Economy


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United States / Michigan / Traverse City Metro Area / Benzie County / No City / Benzonia (zip 49616)
Benzonia, MI 49616 is a small town located on the shores of Lake Michigan. The 2 bedroom rent in Benzonia is $990 compared to the US average of $1,430, making it an attractive destination for those looking for affordable housing. According to the Grocery Cost Index, Benzonia has a score of 93 compared to 100 in the US.
The town offers many local businesses with plenty of outdoor activities such as hiking and biking trails, beaches and camping sites. Benzonia also has a variety of local companies such as Baert Marine Inc., which provides boat repairs, sales and service; Betsie Bay Furniture Company offering Amish-made furniture; Orchard Creek Woodworks providing custom handmade furniture; and Twisted Vine Winery & Tasting Room with locally made wines and hard ciders.

Benzonia (zip 49616) has an unemployment rate of 6.9%. The US average is 6.0%.

Benzonia (zip 49616) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.

Tax Rates for Benzonia (zip 49616)
- The Sales Tax Rate for Benzonia (zip 49616) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benzonia (zip 49616) 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 Benzonia (zip 49616)
- The average income of a Benzonia (zip 49616) resident is $19,344 a year. The US average is $28,555 a year.
- The Median household income of a Benzonia (zip 49616) resident is $39,482 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBenzonia, MichiganUnited States
  6.96
  -6.7%-6.2%
  31.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,602$37,638
  $39,482$69,021
  $58,672$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  5.3%6.8%
  8.1%10.0%
  0.4%2.5%
  15.1%11.0%
  5.2%4.8%
  0.4%0.8%
  0.5%1.9%
  6.2%4.7%
  2.3%1.9%
  1.5%7.6%
  0.0%0.1%
  2.6%4.2%
  9.8%9.3%
  18.4%14.0%
  0.5%2.1%
  9.6%7.0%
  10.6%4.8%
  2.2%4.7%
Health