Frankenmuth, MI is a small town located in the US state of Michigan. It has a population of 48734 people according to the 2010 census. The cost of living in Frankenmuth is relatively low compared to other parts of Michigan. For example, two bedroom rent for $850, much less than the US average which is $1,430. Similarly, the grocery cost index in Frankenmuth is 97 compared to 100 in the US.
The city is well known for its Bavarian-themed architecture and culture as well as its hospitality and tourism industry. Popular local companies include Bronner's Christmas Wonderland, Zehnder's Snowfest and Bavarian Inn Restaurant & Lodge. All these companies contribute towards making Frankenmuth an attractive place to visit and live in for both citizens and tourists alike.
Frankenmuth (zip 48734) has an unemployment rate of 6.8%. The US average is 6.0%.
Frankenmuth (zip 48734) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Frankenmuth (zip 48734)
- The Sales Tax Rate for Frankenmuth (zip 48734) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frankenmuth (zip 48734) is 4.3%. The US average is 4.6%.
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Income and Salaries for Frankenmuth (zip 48734)
- The average income of a Frankenmuth (zip 48734) resident is $47,879 a year. The US average is $37,638 a year.
- The Median household income of a Frankenmuth (zip 48734) resident is $81,222 a year. The US average is $69,021 a year.