Menominee Township is a great place to live in Michigan. It has an affordable cost of living, with 2 bedroom rent costing $810 which is significantly lower than the US average of $1,430. The Grocery Cost Index for grocery items also fares well compared to the US at 91 versus 100 respectively.
The town is home to several businesses and companies such as Brilinski Hardwood Flooring, Kleikamp Landscaping, B & L Auto Repair, Team One Credit Union and Aegir Brewing Company. All these companies play an important role in providing services and products to the local community.
Menominee township has an unemployment rate of 4.7%. The US average is 6.0%.
Menominee township has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 14.7%, which is lower than the US average of 33.5%.
Tax Rates for Menominee township
- The Sales Tax Rate for Menominee township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Menominee 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 Menominee township
- The average income of a Menominee township resident is $30,305 a year. The US average is $28,555 a year.
- The Median household income of a Menominee township resident is $59,142 a year. The US average is $69,021 a year.