Cedarville, Michigan is a small town located in the Upper Peninsula of Michigan. With a population of 49719 residents, Cedarville has a strong sense of community and is home to many businesses and organizations. The 2 Bedroom rental rate is $840 compared to the national average of $1,430 making it an attractive place for those looking for more affordable housing. Additionally, the Grocery Cost Index in Cedarville is 94 which is lower than the US index of 100 demonstrating that groceries are also relatively inexpensive in this area.
Cedarville's economy is driven by its local businesses such as Timber Products Company, Diggen Equipment & Supply Company and Hayloft Feed & Garden Center that offer goods and services to both locals and surrounding communities. The city also supports local farms through programs like the Upper Peninsula Local Food Market that help connect buyers with producers ensuring that area farmers can continue to grow their business while providing fresh locally grown food to area residents. Cedarville's economy benefits from its location near larger cities such as Sault Ste Marie allowing its businesses access to larger markets while at the same time providing smaller town charm with all its amenities.
Cedarville (zip 49719) has an unemployment rate of 16.2%. The US average is 6.0%.
Cedarville (zip 49719) 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 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Cedarville (zip 49719)
- The Sales Tax Rate for Cedarville (zip 49719) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cedarville (zip 49719) 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 Cedarville (zip 49719)
- The average income of a Cedarville (zip 49719) resident is $24,787 a year. The US average is $28,555 a year.
- The Median household income of a Cedarville (zip 49719) resident is $66,118 a year. The US average is $69,021 a year.