49725 De Tour Village, MI is a small village that has a total population of just over 400 people. It is located in the Upper Peninsula of Michigan and offers residents peaceful and serene surroundings. The estimated two bedroom rent in De Tour Village is $910, which is quite reasonable considering the average two bedroom rent in the US is $1,430. Cost of groceries also play an important role when assessing purchasing power and potential savings; thankfully, the Grocery Cost Index for De Tour Village stands at 91 versus 100 in the US, thus making it easier to save on food costs.
De Tour Village has its fair share of local businesses providing goods and services to residents such as the Fishtales Bar & Grill, Tooley's Marina, Fisherman Bay Market & Grill, and Bonners Bait Shop. These establishments assist in creating jobs for local citizens furthering economic development in this small village. In conclusion, De Tour Village offers its residents a peaceful environment with plenty of opportunity to grow economically due to its low cost living approach with respect to rent and groceries.
De Tour Village (zip 49725) has an unemployment rate of 7.3%. The US average is 6.0%.
De Tour Village (zip 49725) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for De Tour Village (zip 49725)
- The Sales Tax Rate for De Tour Village (zip 49725) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for De Tour Village (zip 49725) 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 De Tour Village (zip 49725)
- The average income of a De Tour Village (zip 49725) resident is $23,735 a year. The US average is $28,555 a year.
- The Median household income of a De Tour Village (zip 49725) resident is $48,125 a year. The US average is $69,021 a year.