49868 Newberry, MI is a small town located in the Upper Peninsula of Michigan. It has a population of 2,636 according to the 2019 census. The median rental cost for two-bedroom houses in this area is significantly lower than the national average at $760 per month. This makes it a great option for those looking to save on rent while still maintaining quality accommodations. Additionally, groceries are also less expensive in Newberry with an index score of 90 versus 100 nationally. Popular local companies in the area include Great Lakes Powersports, Petoskey Plastics, and McInerney Ford. With its affordable living and businesses that provide plenty of job opportunities, Newberry is an excellent place to settle down and call home.
Newberry (zip 49868) has an unemployment rate of 7.6%. The US average is 6.0%.
Newberry (zip 49868) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Newberry (zip 49868)
- The Sales Tax Rate for Newberry (zip 49868) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newberry (zip 49868) 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 Newberry (zip 49868)
- The average income of a Newberry (zip 49868) resident is $23,055 a year. The US average is $37,638 a year.
- The Median household income of a Newberry (zip 49868) resident is $48,039 a year. The US average is $69,021 a year.