Nadeau, MI is a small town located in Michigan’s Upper Peninsula. It is known for its beautiful scenery and relatively low cost of living. The average 2 bedroom rent in Nadeau is $830 compared to the national average of $1,430. In addition, the grocery cost index in Nadeau is 91 versus 100 in the US. This makes it an affordable place to live for those looking for a quieter lifestyle away from the hustle and bustle of big cities. \nNadeau is home to several local businesses such as Bodee's Lakeside Market, the Nadeau Country Club, and L&L Automotive Repair. These local companies provide essential goods and services to locals while also boosting the local economy. The cost of living in Nadeau is generally quite reasonable as most items are significantly cheaper than what you would find in larger cities or metropolitan areas.
Nadeau has an unemployment rate of 4.7%. The US average is 6.0%.
Nadeau 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 Nadeau
- The Sales Tax Rate for Nadeau is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nadeau 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 Nadeau
- The average income of a Nadeau resident is $18,859 a year. The US average is $28,555 a year.
- The Median household income of a Nadeau resident is $48,304 a year. The US average is $69,021 a year.