Alcona, MI is a small town located in Northeastern Michigan. It has a population of 2,397 people and is located on the shores of Lake Huron. Home to two local companies - Alcona Plastics and Northern Steel Industries - Alcona offers an affordable cost of living compared to the US average, with an average two bedroom rent being $830 versus $1,430 nationally. Additionally, grocery costs are about 92/100 of what they are in the US across other states. Alcona is a great location to call home for those who want an affordable lifestyle close to nature and beautiful vistas across Lake Huron.
Alcona has an unemployment rate of 7.4%. The US average is 6.0%.
Alcona has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Alcona
- The Sales Tax Rate for Alcona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alcona 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 Alcona
- The average income of a Alcona resident is $33,353 a year. The US average is $37,638 a year.
- The Median household income of a Alcona resident is $56,544 a year. The US average is $69,021 a year.