Zip 49963 (South Range, MI) Economy


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United States / Michigan / Houghton Metro Area / Houghton County / No City / South Range (zip 49963)
49963 South Range, MI is a residential community located in Michigan's Upper Peninsula. While primarily a rural area, the town offers its residents access to local amenities such as grocery stores, restaurants, and other businesses. Though 2 bedroom rent is slightly lower than the US average at $770 versus $1,430 respectively, the Grocery Cost Index in South Range is 90, slightly below the national average of 100. \nWithin South Range residents can access local businesses such as Brady's Bistro & Pub and The Coffee Station Café which offer delicious meals for breakfast or lunch; Countryside Market where locals can find groceries; and The UPS Store for shipping needs. All and all 49963 South Range provides its locals with all the necessary amenities while enjoying the quiet life of living in a rural town.

South Range (zip 49963) has an unemployment rate of 5.4%. The US average is 6.0%.

South Range (zip 49963) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for South Range (zip 49963)
- The Sales Tax Rate for South Range (zip 49963) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for South Range (zip 49963) 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 South Range (zip 49963)
- The average income of a South Range (zip 49963) resident is $24,817 a year. The US average is $37,638 a year.
- The Median household income of a South Range (zip 49963) resident is $35,156 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Range, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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