Zip 49927 (Gaastra, MI) Economy


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United States / Michigan / No Metro Area / Iron County / Gaastra / Gaastra (zip 49927)
49927 Gaastra, MI is a small rural town situated in the Upper Peninsula of Michigan. The town has a population of just under 400 people and offers affordable living costs, with a 2-bedroom rent being just $750 per month. The local grocery cost index is also quite favorable at 90 compared to the US average of 100.
The town has plenty of outdoor activities to offer such as fishing, hunting, camping, hiking and snowmobiling due to its stunning natural scenery throughout the year. In addition to this great outdoors lifestyle, 49927 Gaastra also boasts several local businesses including a cafe, pizza restaurant, general store and hardware shop. There are several churches in the area for those seeking spiritual guidance or community events. Overall 49927 Gaastra is a great place to live for those looking for a rural lifestyle on a budget!

Gaastra (zip 49927) has an unemployment rate of 6.8%. The US average is 6.0%.

Gaastra (zip 49927) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Gaastra (zip 49927)
- The Sales Tax Rate for Gaastra (zip 49927) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gaastra (zip 49927) 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 Gaastra (zip 49927)
- The average income of a Gaastra (zip 49927) resident is $17,698 a year. The US average is $28,555 a year.
- The Median household income of a Gaastra (zip 49927) resident is $53,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGaastra, MichiganUnited States
  6.86
  -5.4%-6.2%
  24.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,551$37,638
  $53,125$69,021
  $69,000$85,028
  Population by Occupation
  2.7%1.2%
  0.5%0.5%
  12.3%6.8%
  19.8%10.0%
  0.5%2.5%
  11.2%11.0%
  0.0%4.8%
  0.0%0.8%
  1.1%1.9%
  12.3%4.7%
  0.5%1.9%
  0.0%7.6%
  0.0%0.1%
  0.5%4.2%
  2.7%9.3%
  16.6%14.0%
  0.5%2.1%
  7.5%7.0%
  8.6%4.8%
  2.7%4.7%
Health