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Zip 49965 (Toivola, MI) Economy


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49965 Toivola, MI is a small rural town situated in the far north of Michigan. With a population of just over 500 people, this area is relatively isolated. Nonetheless, it offers an array of activities and amenities. The two-bedroom rent in Toivola is approximately $850, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index for this region is 91 versus 100 for the US as a whole.
In terms of attractions and businesses available to 49965 Toivola locals, there are several notable ones including JM Design Solutions (a graphic design studio), Rapid River Logging (a forestry management firm), Aarons Auto Parts (an auto parts shop) and many others. There are also various outdoor activities that can be enjoyed in this area such as fishing, hunting and camping. The National Forest campground located nearby is especially popular with visitors looking to explore the Northwoods region of Michigan's Upper Peninsula.

Toivola (zip 49965) has an unemployment rate of 5.4%. The US average is 6.0%.

Toivola (zip 49965) 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 Toivola (zip 49965)
- The Sales Tax Rate for Toivola (zip 49965) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Toivola (zip 49965) 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 Toivola (zip 49965)
- The average income of a Toivola (zip 49965) resident is $43,227 a year. The US average is $37,638 a year.
- The Median household income of a Toivola (zip 49965) resident is $69,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyToivola, 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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