48721 Black River, MI is a small town located in Alcona County. It has a population of just under 800 people and the local economy is mainly based on farming, fishing, and forestry. The average 2 bedroom rent in the area is $840 per month which is significantly lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in 48721 Black River, MI is 92 versus 100 in the US which indicates that groceries are more affordable than other areas. Local companies include Big Buck Brewery & Steakhouse, Burt's Sports Center, and Black River Foods among others which provide jobs and services to residents of this small community.
Black River (zip 48721) has an unemployment rate of 7.4%. The US average is 6.0%.
Black River (zip 48721) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Black River (zip 48721)
- The Sales Tax Rate for Black River (zip 48721) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Black River (zip 48721) 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 Black River (zip 48721)
- The average income of a Black River (zip 48721) resident is $27,937 a year. The US average is $37,638 a year.
- The Median household income of a Black River (zip 48721) resident is $40,000 a year. The US average is $69,021 a year.