Located in the rural town of Loretto, Michigan, 49852 is home to a population of 595 people according to the U.S. census. The area offers quiet country living and a slower pace of life than larger cities. 2 Bedroom Rent in 49852 Loretto, MI is $750 which is considerably lower than the US average of $1,430 for a 2-bedroom residence. Grocery cost index in the area is 90 compared to 100 in the US on average, making it an affordable place to live and save money while still enjoying quality amenities like high-speed internet access and outdoor activities such as hiking and camping at nearby parks like Lake Superior State Park and Hiawatha National Forest just outside town limits. Local companies include Northwoods Home Grown Produce & Market, Pigeon River Lodge & Resort, Ozark Logging LLC,and Prestige Marine II Inc., among many others offering residents with plenty of job opportunities for those looking to stay close to home or visit for work or leisure purposes.
Loretto (zip 49852) has an unemployment rate of 5.2%. The US average is 6.0%.
Loretto (zip 49852) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Loretto (zip 49852)
- The Sales Tax Rate for Loretto (zip 49852) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loretto (zip 49852) 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 Loretto (zip 49852)
- The average income of a Loretto (zip 49852) resident is $22,032 a year. The US average is $28,555 a year.
- The Median household income of a Loretto (zip 49852) resident is $51,563 a year. The US average is $69,021 a year.