Charlevoix, MI is an ideal city for those looking for a budget-friendly lifestyle. The cost of living in Charlevoix is considerably lower than that of the US in general; 2 bedroom rent stands at $900 whereas the national average is around $1,430. Additionally, the grocery cost index in Charlevoix is 95 versus 100 in the US. Local companies such as Charlevoix Hardware and Charlevoix Lumber are thriving businesses which demonstrate the strong economy in this city. In overall comparison to other cities, Charlevoix provides an affordable option for settling down or raising a family without having to compromise on quality of life.
Charlevoix has an unemployment rate of 6.7%. The US average is 6.0%.
Charlevoix has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Charlevoix
- The Sales Tax Rate for Charlevoix is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Charlevoix 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 Charlevoix
- The average income of a Charlevoix resident is $35,400 a year. The US average is $37,638 a year.
- The Median household income of a Charlevoix resident is $32,625 a year. The US average is $69,021 a year.