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Zip 49913 (Calumet, MI) Economy


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Calumet, MI (49913) is a small town located in the Upper Peninsula of Michigan. With a population of just 1,200 residents, it offers an affordable cost of living with 2-bedroom rent costing $820 compared to the U.S average of $1,430. Grocery costs are also significantly lower at 89 versus 100 in the U.S on the Cost Index. Its location near Lake Superior makes it an attractive destination for outdoor enthusiasts as well as those wishing to take advantage of its culture and quaint downtown area. \nLocal businesses in Calumet provide excellent services for its diverse visitors and residents alike. Two main attractions include The Calumet Theatre offering live performance entertainment, and The Red Jacket Brewing Co., boasting craft beers made with local ingredients from Michigan鈥檚 Keweenaw Peninsula. Other notable establishments include The Copper Island Pub & Grub serving up delicious American cuisine and drinks, and Big Valley Antiques where you can find vintage treasures and collectibles from days past.

Calumet (zip 49913) has an unemployment rate of 5.4%. The US average is 6.0%.

Calumet (zip 49913) 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 Calumet (zip 49913)
- The Sales Tax Rate for Calumet (zip 49913) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calumet (zip 49913) is 4.3%. The US average is 4.6%.
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Income and Salaries for Calumet (zip 49913)
- The average income of a Calumet (zip 49913) resident is $27,287 a year. The US average is $37,638 a year.
- The Median household income of a Calumet (zip 49913) resident is $44,878 a year. The US average is $69,021 a year.

Income by Population Percent

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