Freeport, Michigan is a small town with a population of 493 located in the northern part of the state. It is well known for its outdoor activities, such as hiking, fishing, and camping. The cost of living in Freeport is slightly lower than the national average due to its smaller population size. The median 2 bedroom rent in Freeport is $940 per month which is significantly lower than the US median rent of $1,430. Grocery costs are also lower than other places in the US, with an index score of 94 versus 100 nationally.
Freeport is home to several local businesses including Jessup's Hardware Store and Tony's Pizza Place both popular places for locals to shop or enjoy a quick bite to eat. There are also a few hair salons and churches scattered throughout town giving it that small town charm many people love.
Freeport (zip 49325) has an unemployment rate of 4.9%. The US average is 6.0%.
Freeport (zip 49325) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Freeport (zip 49325)
- The Sales Tax Rate for Freeport (zip 49325) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Freeport (zip 49325) 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 Freeport (zip 49325)
- The average income of a Freeport (zip 49325) resident is $26,553 a year. The US average is $37,638 a year.
- The Median household income of a Freeport (zip 49325) resident is $75,625 a year. The US average is $69,021 a year.