Saugatuck, MI is a small city located in Michigan. It is known for its beautiful beaches and unique tourist attractions. In terms of housing, 2 bedroom apartments typically cost around $950, which is much lower than the nationwide average of $1,430. The Grocery Cost Index of Saugatuck also shows that it is more affordable than the US average with 102 versus 100. There are many local companies based in Saugatuck such as Starving Artist Gallery & Framing, The Butler & The Chef, and Saugatuck Shores Beach Club. These businesses provide locals and visitors with unique products and services to enjoy during their stay in Saugatuck.
Saugatuck has an unemployment rate of 5.1%. The US average is 6.0%.
Saugatuck has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Saugatuck
- The Sales Tax Rate for Saugatuck is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Saugatuck 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 Saugatuck
- The average income of a Saugatuck resident is $38,301 a year. The US average is $28,555 a year.
- The Median household income of a Saugatuck resident is $105,024 a year. The US average is $69,021 a year.