Cohoctah, MI is a small town located in Livingston County with a population of 1,127 people as of 2020. It is home to many local businesses such as Hardings Market, McDonalds, and Frontier Auto & Supply. The cost of living in Cohoctah is slightly below the national average with 2 bedroom rents sitting at $1,330 compared to $1,430 in the US. Grocery Cost Index is also lower in Cohoctah at 98 versus 100 for the US. All things considered Cohoctah offers significantly lower cost of living than most other parts of the country making it financially attractive for those on a limited budget.
Cohoctah has an unemployment rate of 3.3%. The US average is 6.0%.
Cohoctah has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Cohoctah
- The Sales Tax Rate for Cohoctah is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cohoctah 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 Cohoctah
- The average income of a Cohoctah resident is $36,590 a year. The US average is $37,638 a year.
- The Median household income of a Cohoctah resident is $67,214 a year. The US average is $69,021 a year.