Chikaming, MI is a small town located on the shores of Lake Michigan. The area offers stunning views and easy access to the beach. It has an average 2 bedroom rent rate of $970, which is significantly lower than the US average of $1,430. Additionally, grocery cost index in Chikaming is 97 when compared to 100 in the US. For these reasons, it can be an ideal location for those looking for affordability and a relaxed lifestyle. Some popular local companies include Tabor Hill Winery & Restaurant, The Gallery at Round Barn Farm, and Red Arrow Hops Co. These businesses offer quality products and services that locals love and visitors enjoy exploring while visiting Chikaming, MI.
Chikaming has an unemployment rate of 5.8%. The US average is 6.0%.
Chikaming has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Chikaming
- The Sales Tax Rate for Chikaming is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chikaming 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 Chikaming
- The average income of a Chikaming resident is $49,585 a year. The US average is $37,638 a year.
- The Median household income of a Chikaming resident is $76,688 a year. The US average is $69,021 a year.