Munising, MI is a beautiful city located on the shores of Lake Superior. The cost of living here is much lower than many other parts of the US, with an average two bedroom rent at only $840 compared to the national average at $1,430. Further, grocery costs in Munising are indexed at 91 versus 100 nationally.
The area offers plenty of local companies to work for such as Alger County Credit Union and CW Services. The area also offers numerous recreational activities including sailing, hiking and camping along the picturesque coastlines of Lake Superior or Pictured Rocks National Lakeshore. Munising also boasts many breweries and restaurants with its own unique flair that should not be missed.
Munising has an unemployment rate of 8.8%. The US average is 6.0%.
Munising has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Munising
- The Sales Tax Rate for Munising is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Munising 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 Munising
- The average income of a Munising resident is $23,502 a year. The US average is $37,638 a year.
- The Median household income of a Munising resident is $42,281 a year. The US average is $69,021 a year.