49858 Menominee, MI is a beautiful town located in the Upper Peninsula of Michigan. It is a popular destination for tourists due to its natural beauty, plentiful recreational activities, and friendly locals. The cost of living here is quite low; 2 bedroom rent averages at $820 compared to the US average of $1430. Groceries are also relatively inexpensive with an index rating of 91 against the US index of 100. Some local companies that make up the economy of 49858 Menominee, MI include NewPage Corporation, Menominee Tribe Enterprises, and Tadych’s Econo Foods.
Menominee (zip 49858) has an unemployment rate of 4.7%. The US average is 6.0%.
Menominee (zip 49858) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 14.7%, which is lower than the US average of 33.5%.
Tax Rates for Menominee (zip 49858)
- The Sales Tax Rate for Menominee (zip 49858) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Menominee (zip 49858) 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 Menominee (zip 49858)
- The average income of a Menominee (zip 49858) resident is $23,710 a year. The US average is $28,555 a year.
- The Median household income of a Menominee (zip 49858) resident is $51,748 a year. The US average is $69,021 a year.