Zip 49729 (Ellsworth, MI) Economy


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United States / Michigan / No Metro Area / Antrim County / No City / Ellsworth (zip 49729)
Ellsworth, MI (49729) is a charming city located in Antrim County. The median 2 bedroom rent there is $870 per month which is considerably lower than the US median of $1,430. This makes it an attractive option for those looking to save money on their living expenses. Ellsworth also has a Grocery Cost Index of 91 versus 100 in the US, again making it a great place to live for anyone looking to save money.
The city of Ellsworth is home to many businesses such as Pioneer IGA grocery store, Kalkaska Insurance Agency, Northern Michigan Bank & Trust and Alpine Feeds & Seeds. There is also plenty of entertainment options like the Antrim Theatre and Mancelona Creek Golf Course available for residents to enjoy.
The population of Ellsworth was 1,666 according to the 2019 census and it continues to grow each year as more people are drawn to its low cost of living and wide variety of amenities.

Ellsworth (zip 49729) has an unemployment rate of 7.8%. The US average is 6.0%.

Ellsworth (zip 49729) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.

Tax Rates for Ellsworth (zip 49729)
- The Sales Tax Rate for Ellsworth (zip 49729) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ellsworth (zip 49729) 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 Ellsworth (zip 49729)
- The average income of a Ellsworth (zip 49729) resident is $22,871 a year. The US average is $28,555 a year.
- The Median household income of a Ellsworth (zip 49729) resident is $68,088 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEllsworth, MichiganUnited States
  7.86
  -5.9%-6.2%
  30.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $34,748$37,638
  $68,088$69,021
  $80,048$85,028
  Population by Occupation
  2.8%1.2%
  0.0%0.5%
  9.7%6.8%
  12.5%10.0%
  0.8%2.5%
  7.3%11.0%
  3.6%4.8%
  1.8%0.8%
  0.0%1.9%
  2.8%4.7%
  3.5%1.9%
  5.2%7.6%
  0.0%0.1%
  10.0%4.2%
  5.8%9.3%
  14.2%14.0%
  2.4%2.1%
  8.1%7.0%
  4.5%4.8%
  5.1%4.7%
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