Elk Rapids, MI (49629) is a small town located in the northern part of Michigan. It has a population of around 2,400 people and is known for its beautiful scenery and peaceful atmosphere. The average two bedroom rent in Elk Rapids is $870, compared to the US average of $1,430. The grocery cost index in Elk Rapids is 97 compared to 100 in the US, making it fairly affordable for groceries as well. Local businesses include J & M Tap Room and Grill, The Sweet Spot Bakery Cafe, Raduno Brick Oven & Barroom, and Hearthstone Restaurant. All of these businesses offer quality food and services that make Elk Rapids a great place to live or visit. The index of living cost in Elk Rapids is lower than other nearby cities due to its affordability for both rent and groceries.
Elk Rapids (zip 49629) has an unemployment rate of 7.8%. The US average is 6.0%.
Elk Rapids (zip 49629) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Elk Rapids (zip 49629)
- The Sales Tax Rate for Elk Rapids (zip 49629) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Rapids (zip 49629) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Elk Rapids (zip 49629)
- The average income of a Elk Rapids (zip 49629) resident is $40,304 a year. The US average is $37,638 a year.
- The Median household income of a Elk Rapids (zip 49629) resident is $61,538 a year. The US average is $69,021 a year.