Suttons Bay Township, MI is an excellent place to live with a unique charm all its own. The cost of living in Suttons Bay township is quite reasonable, and two-bedroom rental properties can be found for around $1,300 per month. Prices are slightly lower than the US average of $1,430 for two-bedroom rentals. Groceries also tend to be slightly cheaper in Suttons Bay Township than elsewhere in the country; the Grocery Cost Index here is 97 versus 100 in the rest of America. Local companies such as Larson’s Hardware and Chalet Market make it easy for residents to find the things they need. Renters looking for a good value may find that living in Suttons Bay township beats out more expensive cities like San Francisco or New York City when it comes to monthly budgeting.
Suttons Bay township has an unemployment rate of 6.1%. The US average is 6.0%.
Suttons Bay township has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Suttons Bay township
- The Sales Tax Rate for Suttons Bay township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Suttons Bay 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 Suttons Bay township
- The average income of a Suttons Bay township resident is $29,440 a year. The US average is $28,555 a year.
- The Median household income of a Suttons Bay township resident is $82,891 a year. The US average is $69,021 a year.