Ontonagon township, MI is a great place to live due to its low cost of living. The 2 bedroom rent in Ontonagon township, MI is $840 compared to the US average of $1,430 and the Grocery Cost Index in Ontonagon township is 89 versus 100 in the US. It has plenty of local businesses such as Smith's Grocery Store, Pete's lumber mill and Thompson Auto Repair shop which makes it a convenient place to live. The low cost of living makes Ontonagon Township an ideal place for people looking for affordable housing.
Ontonagon township has an unemployment rate of 7.8%. The US average is 6.0%.
Ontonagon township has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 6.9%, which is lower than the US average of 33.5%.
Tax Rates for Ontonagon township
- The Sales Tax Rate for Ontonagon township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ontonagon 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 Ontonagon township
- The average income of a Ontonagon township resident is $20,921 a year. The US average is $28,555 a year.
- The Median household income of a Ontonagon township resident is $47,829 a year. The US average is $69,021 a year.