Grayling, MI is a small city located in the northern part of Michigan with a population of just around 3,000 people. It is known as an outdoor enthusiast's paradise due to its numerous lakes and forests for activities like camping, fishing, hiking, and biking. The cost of living in Grayling is quite low compared to that of other cities throughout the United States. The average rent for a two bedroom apartment is $900 while nationally it averages $1,430. Grocery costs are also relatively lower in Grayling with an index score of 90 compared to the US average index score of 100. Local companies in Grayling include Tails Brewing Company and Graylings True Value Hardware Store. These businesses provide great local options for residents who wish to support their community while saving money on goods and services.
Grayling has an unemployment rate of 7.3%. The US average is 6.0%.
Grayling has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Grayling
- The Sales Tax Rate for Grayling is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grayling is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grayling
- The average income of a Grayling resident is $19,017 a year. The US average is $28,555 a year.
- The Median household income of a Grayling resident is $27,039 a year. The US average is $69,021 a year.