Levering, MI is a small town located in the northern part of Michigan. The cost of living in Levering is relatively low compared to other areas in the US. Rent for a two bedroom apartment is approximately $970 per month, which is much less than the US national average of $1,430. Additionally, food costs are lower with a grocery cost index at 92 versus 100 in the US. Local businesses include Levering True Value Hardware Store, Ray's Pizza & Subs and Nick's Excavating & Trucking Inc. Levering offers its residents all the amenities of larger cities at a fraction of the cost.
Levering has an unemployment rate of 7.5%. The US average is 6.0%.
Levering has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Levering
- The Sales Tax Rate for Levering is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Levering 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 Levering
- The average income of a Levering resident is $32,907 a year. The US average is $37,638 a year.
- The Median household income of a Levering resident is $0 a year. The US average is $69,021 a year.