Deep River, MI is a quaint town located in the beautiful Upper Peninsula of Michigan. It offers a variety of outdoor activities such as fishing, hunting, and hiking to take advantage of its beautiful scenery. The cost of living is relatively low with 2 bedroom rent averaging at $810 compared to the national average of $1,430. The grocery cost index in Deep River has also been reported to be 90 versus the US average of 100. Local businesses that you can find in Deep River are B&H Market, Gurney's Sporting Goods, and Cedar Cove Trout Farm. All offering unique services for residents and visitors alike.
Deep River has an unemployment rate of 9.3%. The US average is 6.0%.
Deep River has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Deep River
- The Sales Tax Rate for Deep River is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Deep River 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 Deep River
- The average income of a Deep River resident is $21,173 a year. The US average is $28,555 a year.
- The Median household income of a Deep River resident is $51,761 a year. The US average is $69,021 a year.