49862 Munising, MI is a great city for those looking for an affordable place to live. The average cost of rent in the area for a 2-bedroom apartment is just $820 - significantly cheaper than the US average of $1,430. The cost of groceries is also lower than the national average, with a Grocery Cost Index of 91 compared to 100 in the US.
Munising offers plenty of amenities that make it a great place to live. There are several local stores providing everything from groceries to clothing, such as Miller's Country Store and Munising Mini Mart. For outdoor activities, Pictured Rocks National Lakeshore and Hiawatha National Forest are both close by offering stunning views and hikes. Other attractions include the Alger County Historical Museum and the Grand Island National Recreation Area which has some excellent fishing opportunities.
Munising (zip 49862) has an unemployment rate of 8.8%. The US average is 6.0%.
Munising (zip 49862) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Munising (zip 49862)
- The Sales Tax Rate for Munising (zip 49862) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Munising (zip 49862) 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 Munising (zip 49862)
- The average income of a Munising (zip 49862) resident is $20,848 a year. The US average is $28,555 a year.
- The Median household income of a Munising (zip 49862) resident is $48,209 a year. The US average is $69,021 a year.