Zip 49839 (Grand Marais, MI) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Michigan / No Metro Area / Alger County / No City / Grand Marais (zip 49839)
49839 Grand Marais, MI is a great place to live and work. The 2 bedroom rent in this area is $830, which is significantly lower than the US average of $1,430. Also, the Grocery Cost Index is 94, making it cheaper to purchase food than in the US where it is 100 on the index. For those looking to move to Grand Marais, there are many local businesses that can help with finding an affordable rental option. Companies such as Grand Marais Lighthouse Real Estate & Property Management offer apartments and homes for rent that fit any budget. Similarly, grocery shopping can be done at local stores like Trenary Home Bakery & Groceries or Newberry IGA Foodliner.

Grand Marais (zip 49839) has an unemployment rate of 8.8%. The US average is 6.0%.

Grand Marais (zip 49839) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Grand Marais (zip 49839)
- The Sales Tax Rate for Grand Marais (zip 49839) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Marais (zip 49839) 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 Grand Marais (zip 49839)
- The average income of a Grand Marais (zip 49839) resident is $28,086 a year. The US average is $37,638 a year.
- The Median household income of a Grand Marais (zip 49839) resident is $41,972 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrand Marais, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
Family Median Income 85028
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.