Portage, MI is a small city located in the state of Michigan. It has a population of around 45,000 people with an ethnically diverse history and culture. The cost of living in the city is quite affordable compared to other cities in the area with two bedroom rent being $1,090 and the Grocery Cost Index at 95 compared to 100 in the US. While there are many great local businesses such as Walmart, Meijer, Lowe's, Home Depot and more that can provide residents with every day necessities at competitive prices. There are also plenty of recreational activities such as fishing, kayaking or spending time outdoors in one of Portage's beautiful parks. All these factors combined make Portage, MI an attractive choice for those looking for both affordability and quality life style.
Portage has an unemployment rate of 4.7%. The US average is 6.0%.
Portage 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 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Portage
- The Sales Tax Rate for Portage is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portage 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 Portage
- The average income of a Portage resident is $29,906 a year. The US average is $28,555 a year.
- The Median household income of a Portage resident is $68,755 a year. The US average is $69,021 a year.