Cheboygan, MI is a small town located in the northeast corner of Michigan's Lower Peninsula. It is home to many local businesses, such as Cheboygan State Park, Cheboygan Marina and Pier 33 Restaurant & Lounge. There are also various museums and galleries in the area, including Great Lakes Art Gallery and Cheboygan County Historical Museum. The cost of living in Cheboygan is relatively low compared to other parts of the state and country. For example 2 bedroom rent in Cheboygan is $900 while US 2 bedroom rent averages at $1,430. Also grocery cost index in Cheboygan is 91 against 100 for US average index. This makes it an attractive place to live for people looking for more affordable options.
Cheboygan has an unemployment rate of 13.1%. The US average is 6.0%.
Cheboygan has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Cheboygan
- The Sales Tax Rate for Cheboygan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cheboygan 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 Cheboygan
- The average income of a Cheboygan resident is $15,763 a year. The US average is $28,555 a year.
- The Median household income of a Cheboygan resident is $38,750 a year. The US average is $69,021 a year.