Luther, Michigan is a small village in the northern part of the state. Located near forests and lakes, this rural town offers peaceful living at an affordable price. According to recent research, 2 Bedroom Rent in Luther, MI is $820 compared to the US average of $1,430. Grocery Cost Index also reveals that food prices are lower in Luther than the national average. Local businesses such as The Country Store and Hardy’s Outdoors provide goods and services to residents of Luther. Additionally, many people enjoy spending time at Pappy’s Bar & Grill or taking advantage of the outdoor activities nearby like hiking or fishing. Regardless of your interests, Luther offers something for everyone!
Luther has an unemployment rate of 8.4%. The US average is 6.0%.
Luther has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Luther
- The Sales Tax Rate for Luther is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Luther 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 Luther
- The average income of a Luther resident is $10,241 a year. The US average is $28,555 a year.
- The Median household income of a Luther resident is $45,536 a year. The US average is $69,021 a year.