Zip 48157 (Luna Pier, MI) Economy


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Luna Pier, Michigan (48157) is home to a small population of approximately 1,250 people who enjoy the benefits of living in a quaint lakefront community. The 2-bedroom rent in Luna Pier is $850, which is much less than the national average of $1,430. Furthermore, the Grocery Cost Index in Luna Pier is 92 compared to the national average of 100; this means that groceries are significantly more affordable for residents in this area. Several local businesses are located in Luna Pier including Carl's Bakery & Coffee, The Village Market & Deli, and Sweetwater Tavern. Whether you're looking for a cozy place to live or just want to take advantage of some great prices on groceries, Luna Pier is an ideal location to call home.

Luna Pier (zip 48157) has an unemployment rate of 5.6%. The US average is 6.0%.

Luna Pier (zip 48157) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Luna Pier (zip 48157)
- The Sales Tax Rate for Luna Pier (zip 48157) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Luna Pier (zip 48157) 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 Luna Pier (zip 48157)
- The average income of a Luna Pier (zip 48157) resident is $28,710 a year. The US average is $28,555 a year.
- The Median household income of a Luna Pier (zip 48157) resident is $42,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLuna Pier, MichiganUnited States
  5.66
  -7.1%-6.2%
  25.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,692$37,638
  $42,125$69,021
  $67,083$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.5%6.8%
  17.5%10.0%
  5.3%2.5%
  4.8%11.0%
  7.7%4.8%
  1.1%0.8%
  0.5%1.9%
  1.6%4.7%
  0.0%1.9%
  10.3%7.6%
  0.0%0.1%
  4.5%4.2%
  9.3%9.3%
  14.9%14.0%
  4.0%2.1%
  7.2%7.0%
  5.8%4.8%
  1.1%4.7%
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