Sault Ste. Marie, MI is a great place to live for those looking for an affordable home. The rent for a two bedroom apartment is $860, which is significantly less than the national average of $1,430. Additionally, groceries are relatively inexpensive with a local grocery cost index of 91 compared to the US index of 100.
In Sault Ste. Marie there are many great companies that offer employment and other services including War Memorial Hospital and Essar Steel Algoma Inc. Residents can also benefit from the huge selection of recreational activities including skiing at Searchmont Resort, hiking at St Marys River State Forest Campground and fishing on Lake Superior. Other benefits include the local arts scene with various galleries and theatre performances throughout the year as well as numerous shops and restaurants scattered around the city.
Sault Ste. Marie has an unemployment rate of 7.3%. The US average is 6.0%.
Sault Ste. Marie 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 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Sault Ste. Marie
- The Sales Tax Rate for Sault Ste. Marie is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sault Ste. Marie 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 Sault Ste. Marie
- The average income of a Sault Ste. Marie resident is $20,287 a year. The US average is $28,555 a year.
- The Median household income of a Sault Ste. Marie resident is $45,905 a year. The US average is $69,021 a year.