Zip 49934 (Hubbell, MI) Economy


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49934 Hubbell, MI is a small town located in the Upper Peninsula of Michigan. It has a population of around 600 people, making it a peaceful, rural community. Residents enjoy affordable housing, with two bedroom rents averaging around $740. This is significantly lower than the national average of $1,430 for two bedrooms. The cost of groceries here is also very reasonable compared to the US average; with an index rating of 89 versus 100 in the US.
The town offers several amenities that cater to its small population such as dining establishments like The Franey’s Restaurant & Lounge and Tom's B-B-Q Pit LLC. There are also many outdoor activities to enjoy such as hiking and fishing in nearby parks like Bear Creek Nature Park and Sturgeon River Slough State Forest Campground. With its low cost of living and great outdoors activities, 49934 Hubbell is an ideal place for those looking for peace and relaxation without breaking their budget.

Hubbell (zip 49934) has an unemployment rate of 5.4%. The US average is 6.0%.

Hubbell (zip 49934) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Hubbell (zip 49934)
- The Sales Tax Rate for Hubbell (zip 49934) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hubbell (zip 49934) 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 Hubbell (zip 49934)
- The average income of a Hubbell (zip 49934) resident is $17,640 a year. The US average is $28,555 a year.
- The Median household income of a Hubbell (zip 49934) resident is $43,293 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHubbell, MichiganUnited States
  5.46
  -4.5%-6.2%
  23.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,498$37,638
  $43,293$69,021
  $76,920$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  13.0%6.8%
  12.7%10.0%
  1.3%2.5%
  5.9%11.0%
  2.5%4.8%
  3.1%0.8%
  0.0%1.9%
  3.3%4.7%
  3.1%1.9%
  2.5%7.6%
  0.0%0.1%
  1.8%4.2%
  11.7%9.3%
  21.6%14.0%
  3.1%2.1%
  0.8%7.0%
  12.0%4.8%
  0.5%4.7%
Health