Mio, MI located in the 48647 zip code is a small rural town with many great amenities. The city has an average 2 bedroom rental cost of $750, which is significantly lower than the US average of $1,430 per month. Grocery costs are also much lower with a cost index of 90 compared to 100 in the US. Despite its size, Mio offers plenty for residents and visitors alike. Popular attractions include Oscoda County Park, Mio Pond Park and nearby AuSable River. Local businesses consist of Black River Roadhouse Restaurant & Tavern, Tiny Town Café & Bakery, and Walker's Outfitter Company Inc.
Mio (zip 48647) has an unemployment rate of 8.3%. The US average is 6.0%.
Mio (zip 48647) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Mio (zip 48647)
- The Sales Tax Rate for Mio (zip 48647) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mio (zip 48647) 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 Mio (zip 48647)
- The average income of a Mio (zip 48647) resident is $16,913 a year. The US average is $28,555 a year.
- The Median household income of a Mio (zip 48647) resident is $46,359 a year. The US average is $69,021 a year.