Elk Rapids township, MI is a small and charming town in Grand Traverse County. It has great access to beautiful beaches, outdoor recreation, and a quaint downtown district full of local businesses. The cost of living is far lower than the national average, with 2 bedroom rent at only $880 compared to $1,430 in the US. Grocery costs are also lower than average, indexing at 97 versus 100 in the US. Popular local companies include Big Buck Brewery & Steakhouse for great food and beer, Aloha Wellness Center for health and wellness services, and Elk Rapids Marina for all your boating needs.
Elk Rapids township has an unemployment rate of 7.8%. The US average is 6.0%.
Elk Rapids township has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Elk Rapids township
- The Sales Tax Rate for Elk Rapids township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Rapids township 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 Elk Rapids township
- The average income of a Elk Rapids township resident is $35,530 a year. The US average is $28,555 a year.
- The Median household income of a Elk Rapids township resident is $76,250 a year. The US average is $69,021 a year.