48651 Prudenville, MI is a small town in northern Michigan with an estimated population of 1,116 as of 2019. The median two-bedroom rent for this area is $830, which is significantly less than the US average two-bedroom cost of $1,430. Additionally, the local grocery cost index for Prudenville is 91 versus 100 for the US overall. This low cost of living makes 48651 an affordable place to live and work. Local businesses in the area include Prudy's Grocery Shop, Prudy's Diner & Bakery, C & K Bait and Tackle Shop, Automotive Services Center, and Prudy's Bar & Grill. With its low costs of living and abundance of great local businesses, 48651 Prudenville MI is a great place to call home.
Prudenville (zip 48651) has an unemployment rate of 9.9%. The US average is 6.0%.
Prudenville (zip 48651) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Prudenville (zip 48651)
- The Sales Tax Rate for Prudenville (zip 48651) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prudenville (zip 48651) 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 Prudenville (zip 48651)
- The average income of a Prudenville (zip 48651) resident is $29,189 a year. The US average is $37,638 a year.
- The Median household income of a Prudenville (zip 48651) resident is $38,638 a year. The US average is $69,021 a year.