49733 Frederic, MI is a small town in northern Michigan with an estimated population of 790 people. The median annual rent for a two bedroom apartment is at a price point of $880, making it more affordable than the US average of $1,430. Additionally, local groceries are also more affordable with the Grocery Cost Index at 91 compared to the US index of 100. For those looking to move to this area, there are plenty of local businesses to explore such as Pizza Man which specializes in Italian cuisine and Rogue River Lanes for bowling as well as numerous other restaurants and shops. The cost of living in 49733 Frederic, MI is significantly lower than most other cities, making it an ideal place to live for anyone looking for a more budget-friendly lifestyle.
Frederic (zip 49733) has an unemployment rate of 7.3%. The US average is 6.0%.
Frederic (zip 49733) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Frederic (zip 49733)
- The Sales Tax Rate for Frederic (zip 49733) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frederic (zip 49733) 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 Frederic (zip 49733)
- The average income of a Frederic (zip 49733) resident is $26,658 a year. The US average is $37,638 a year.
- The Median household income of a Frederic (zip 49733) resident is $55,833 a year. The US average is $69,021 a year.