49867 Michigamme, MI is a small town located in the Upper Peninsula region of Michigan. Residents of this small community enjoy the natural beauty of the area while also taking advantage of local businesses. The two bedroom rent in Michigamme is $900, which is much lower than the US average of $1,430. The Grocery Cost Index here is 92, slightly lower than the national average of 100. There are several businesses located in and around Michigamme that provide services to residents and visitors alike. These include Strom's Market for grocery shopping, Claire's Salon for hair styling needs, and Backwoods Outfitters for outdoor gear and apparel. Additionally, Michigamme has its own lumberyard as well as a few auto repair shops for car maintenance needs.
Michigamme (zip 49861) has an unemployment rate of 5.9%. The US average is 6.0%.
Michigamme (zip 49861) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Michigamme (zip 49861)
- The Sales Tax Rate for Michigamme (zip 49861) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Michigamme (zip 49861) 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 Michigamme (zip 49861)
- The average income of a Michigamme (zip 49861) resident is $25,283 a year. The US average is $28,555 a year.
- The Median household income of a Michigamme (zip 49861) resident is $57,813 a year. The US average is $69,021 a year.