Bay City business statistics
Employer establishments with 1-49 employees
(2007) |
2,330 |
3,516 |
Small business growth rate
(2004-2007) |
-3% |
4.1% |
State business tax climate ranking
(out of 50 states) |
20 |
N/A |
Percentage of population with bachelor's degree
(ages 25-34) |
21.2% |
23.5% |
Violent crime
(rate per 100,000 inhabitants, 2007) |
267.5 |
385.1 |
Property crime
(rate per 100,000 inhabitants, 2007) |
2,493.2 |
3,395.2 |
Population growth
(2003-2008) |
-1% |
4.93% |
Per-capita income
(2007) |
$29,656 |
$31,933 |
Per-capita income growth
(2002-2007) |
13% |
23.6% |
GDP (in millions)
(2006) |
$2,690 |
$4,952 |
GDP growth
(2001-2006) |
11% |
33% |
Average hourly wage
(2008) |
17.66 |
$17.50 |
Housing foreclosure rate
(first half of 2009) |
140 |
850 |
Median rent
(2009, for a 2-bedroom housing unit) |
$634 |
$737 |
Housing price-to-income (HPI) ratio
(first quarter of 2009) |
1.0% |
1.8% |
Long-term HPI ratio
(20-year average, 1984-2004) |
1.21% |
1.67% |
HPI deviation from long-term average
|
12% |
0.1% |
|
From the November 2009 issue |
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Tell us why: Low taxes? Talented workers? An active small business community? Send us your photos and videos, and you could be featured in our upcoming coverage of reader-picked Best Places to Launch. More
