Harbor Springs, MI is a beautiful town located on the shores of Lake Michigan in Northern Michigan. The area offers an abundance of outdoor activities such as skiing, fishing, boating and kayaking. Despite its small size, Harbor Springs has a thriving business community including popular companies like Harbor Springs Brewing Company and Bydand Pottery. The median rent for a two bedroom apartment in the area is $820 per month which is significantly lower than the national average of $1,430. To put it into perspective, Harbor Springs also has a Grocery Cost Index of 96 versus 100 in the US which means that groceries are 4% cheaper than the national average. All this makes Harbor Springs an attractive place to live for people looking for an affordable cost of living without sacrificing quality lifestyle options.
Harbor Springs has an unemployment rate of 7.5%. The US average is 6.0%.
Harbor Springs has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Harbor Springs
- The Sales Tax Rate for Harbor Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Harbor Springs 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 Harbor Springs
- The average income of a Harbor Springs resident is $39,616 a year. The US average is $28,555 a year.
- The Median household income of a Harbor Springs resident is $55,250 a year. The US average is $69,021 a year.