Dollar Bay, MI is a small town located in the Upper Peninsula. With an estimated population of 49922 people, it offers plenty of amenities for locals and visitors alike. The 2 Bedroom Rent here is $820, which is much lower than the US average rent of $1,430. Additionally, the Grocery Cost Index here is 92 versus 100 in the US.
The local businesses found in Dollar Bay range from banks to grocery stores to restaurants. Popular local companies include Superior National Bank & Trust, Keweenaw Co-op Federal Credit Union, Dollar Bay Market & Deli, Waterfront Restaurant and Bakery, and Uncle Kenny's Bait Shop. There are also plenty of activities to enjoy around town like fishing at Portage Lake or shopping in downtown Dollar Bay neighborhood. In addition to these attractions there are also numerous parks and trails that offer scenic views of the area as well as outdoor activities like camping and hiking.
Dollar Bay (zip 49922) has an unemployment rate of 5.4%. The US average is 6.0%.
Dollar Bay (zip 49922) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Dollar Bay (zip 49922)
- The Sales Tax Rate for Dollar Bay (zip 49922) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dollar Bay (zip 49922) 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 Dollar Bay (zip 49922)
- The average income of a Dollar Bay (zip 49922) resident is $23,151 a year. The US average is $28,555 a year.
- The Median household income of a Dollar Bay (zip 49922) resident is $43,393 a year. The US average is $69,021 a year.