Mackinac Island, MI 49757 is a popular tourist destination known for its natural beauty and historical sites. The two-bedroom rent cost in Mackinac Island is $1,160 which is below the national average of $1,430. Additionally, grocery cost index in Mackinac Island is 105 versus the 100 found on the US average. This makes Mackinac Island a cost-effective place to stay for tourists. Popular local businesses include Grand Hotel, famous for its luxurious architecture, shops along Main Street such as Murray's American Fudge & Carriage Tours offering horseback rides around the island. There are many other attractions that make Mackinac Island a desirable vacation spot for families and individuals alike.
Mackinac Island (zip 49757) has an unemployment rate of 16.2%. The US average is 6.0%.
Mackinac Island (zip 49757) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Mackinac Island (zip 49757)
- The Sales Tax Rate for Mackinac Island (zip 49757) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mackinac Island (zip 49757) 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 Mackinac Island (zip 49757)
- The average income of a Mackinac Island (zip 49757) resident is $31,772 a year. The US average is $37,638 a year.
- The Median household income of a Mackinac Island (zip 49757) resident is $60,500 a year. The US average is $69,021 a year.