Prudenville, MI is a small town located in Michigan with a population of just over 500 people. The cost of living here is relatively low compared to the national average, with 2 bedroom rent in Prudenville being $820 compared to the US average of $1,430. Grocery costs are similarly lower, as the Grocery Cost Index in Prudenville is 91 compared to 100 in the US.
In terms of local businesses, there are many small businesses located in Prudenville including Ace Hardware, Thrifty Threads Consignment Boutique and Sault Oil Company. There is also a selection of restaurants such as Top O' Michigan Inn & Suites Dining Room and Leed's Family Restaurant. For shopping needs there is Country Junction Gift Shop and Lakeside Home Center.
Prudenville has an unemployment rate of 9.9%. The US average is 6.0%.
Prudenville has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Prudenville
- The Sales Tax Rate for Prudenville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prudenville 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 Prudenville
- The average income of a Prudenville resident is $22,368 a year. The US average is $28,555 a year.
- The Median household income of a Prudenville resident is $46,432 a year. The US average is $69,021 a year.