Moran, MI is a small city located in Michigan's Upper Peninsula. The town offers affordable rent with two bedroom apartments costing about $820 compared to the national average of $1,430. Grocery prices are also more affordable with an index of 92 compared to the national average of 100. The city has several businesses that provide goods and services for the local community. These companies include Moran Town Market which provides groceries, Pete’s Home Improvement Store providing tools and hardware supplies, and Stenstrom’s Bakery serving delectable homemade pastries and desserts. Local residents can find all their needs met along Main Street in Moran making this small city a great place to call home.
Moran has an unemployment rate of 16.2%. The US average is 6.0%.
Moran has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Moran
- The Sales Tax Rate for Moran is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Moran 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 Moran
- The average income of a Moran resident is $32,114 a year. The US average is $28,555 a year.
- The Median household income of a Moran resident is $65,250 a year. The US average is $69,021 a year.