49878 Rapid River, MI is a small town located in the Upper Peninsula of Michigan. This quaint community offers an affordable cost of living with rent on two bedroom apartments set at $820 compared to the US average of $1,430. Grocery costs in this area are also lower than the national average with an index rating of 90 compared to 100. Some local businesses that can be found here include Halverson's Grocery and Hardware Store, Miller's Auto Repair and Uren Handyman Services. Rapid River is a great place for those looking for a rural lifestyle without breaking the bank.
Rapid River (zip 49878) has an unemployment rate of 6.4%. The US average is 6.0%.
Rapid River (zip 49878) has seen the job market increase by 0.1% 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 Rapid River (zip 49878)
- The Sales Tax Rate for Rapid River (zip 49878) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rapid River (zip 49878) 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 Rapid River (zip 49878)
- The average income of a Rapid River (zip 49878) resident is $23,027 a year. The US average is $28,555 a year.
- The Median household income of a Rapid River (zip 49878) resident is $57,930 a year. The US average is $69,021 a year.