Trenary, Michigan is a small rural town in the Upper Peninsula with a population of 498 people. The 2 bedroom rent costs $830 compared to the US average of $1,430, which is an attractive feature for those seeking lower housing costs. Additionally, the Grocery Cost Index in Trenary is 91 versus 100 in the US, providing further savings on essential items. Local businesses include North Country Harley Davidson as well as three restaurants- Papa's Place, ABC dining and Valhalla Bar & Grill. These establishments provide employment opportunities as well as entertainment to local residents and visitors alike.
Trenary (zip 49891) has an unemployment rate of 8.8%. The US average is 6.0%.
Trenary (zip 49891) 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 Trenary (zip 49891)
- The Sales Tax Rate for Trenary (zip 49891) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Trenary (zip 49891) 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 Trenary (zip 49891)
- The average income of a Trenary (zip 49891) resident is $20,499 a year. The US average is $28,555 a year.
- The Median household income of a Trenary (zip 49891) resident is $50,500 a year. The US average is $69,021 a year.