Johannesburg, MI is a small village in northern Michigan with a population of 497 people. The 2-Bedroom rent in Johannesburg is significantly lower than the US median of $1,430 - it's just $900. This makes Johannesburg an attractive place to live for those looking for a budget rental option. The Grocery Cost Index in Johannesburg is also lower than the US average at 90 versus 100 - making it relatively inexpensive to fill up your fridge here.
Local businesses that contribute to the Johannesburg economy include restaurants like the Log Cabin Bar & Grill, or family owned stores like SayAm Real Estate. There are also several banks and credit unions in the area offering financial services such as Sunrise Bank or Traverse City State Bank. Finally, there are many outdoor activities available for locals and tourists alike including hiking trails at Hartwick Pines State Park or tubing down Thunder Bay River.
Johannesburg (zip 49751) has an unemployment rate of 6.9%. The US average is 6.0%.
Johannesburg (zip 49751) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Johannesburg (zip 49751)
- The Sales Tax Rate for Johannesburg (zip 49751) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Johannesburg (zip 49751) 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 Johannesburg (zip 49751)
- The average income of a Johannesburg (zip 49751) resident is $22,059 a year. The US average is $28,555 a year.
- The Median household income of a Johannesburg (zip 49751) resident is $62,071 a year. The US average is $69,021 a year.