Columbus township (Luce County), MI Economy


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United States / Michigan / No Metro Area / Luce County / Columbus township (Luce County) / Zip Codes
Columbus Township (Luce Cnty), MI is a small township in the Upper Peninsula, with a population of about 1,800 people. It is known for its beautiful scenery and abundant outdoor activities, including skiing, snowmobiling, hiking and fishing. The cost of living in Columbus is quite affordable. The 2-bedroom rent is $980 compared to the US average of $1,430. Grocery costs are also lower than average at 91 compared to 100 in the US. The local economy is predominantly agricultural and forestry based with companies such as Luce County Farms, Michigan Forest Products and White Pines logging providing jobs for many locals. Overall Columbus Township provides a high quality of life without an expensive price tag.

Columbus township (Luce County) has an unemployment rate of 7.6%. The US average is 6.0%.

Columbus township (Luce County) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Columbus township (Luce County)
- The Sales Tax Rate for Columbus township (Luce County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Columbus township (Luce County) 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 Columbus township (Luce County)
- The average income of a Columbus township (Luce County) resident is $21,327 a year. The US average is $28,555 a year.
- The Median household income of a Columbus township (Luce County) resident is $56,136 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColumbus township (Luce County), MichiganUnited States
  7.66
  -3.1%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,325$37,638
  $56,136$69,021
  $75,179$85,028
  Population by Occupation
  10.9%1.2%
  0.0%0.5%
  1.8%6.8%
  9.1%10.0%
  3.6%2.5%
  5.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.8%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  7.3%4.2%
  9.1%9.3%
  5.5%14.0%
  1.8%2.1%
  10.9%7.0%
  20.0%4.8%
  12.7%4.7%
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