Oscoda, MI is a small town situated in Northern Michigan. The town has many amenities including restaurants, shops, and parks. The cost of living in Oscoda is quite low - with an average two bedroom rent being only $830 compared to the US average of $1,430. Grocery Cost Index in Oscoda is 89 versus 100 in the US. There are some local companies within Oscoda such as Priscilla's Pantry, River Valley Bank, Thompson Oil & Propane Inc., and Tawas Bay Marine Services Inc., all providing excellent services to the local community at an affordable price.
Oscoda has an unemployment rate of 7.5%. The US average is 6.0%.
Oscoda has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Oscoda
- The Sales Tax Rate for Oscoda is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oscoda is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oscoda
- The average income of a Oscoda resident is $22,779 a year. The US average is $28,555 a year.
- The Median household income of a Oscoda resident is $34,432 a year. The US average is $69,021 a year.