Lincoln township (Arenac Cnty), MI is a small town located in Michigan. It boasts a population of roughly 2,000 people and is known for its peaceful atmosphere and low cost of living. The average 2 Bedroom rent in Lincoln township (Arenac Cnty), MI is $760, compared to the US average of $1,430; making it an affordable option for those looking to live in Michigan. In addition, the Grocery Cost Index in Lincoln township (Arenac Cnty), MI is 90 versus 100 in the US; further demonstrating its affordability. There are multiple local businesses in Lincoln township such as Lakeview Lanes Bowling Alley, TJ's Country Market, and Arenac Heritage Route RV Park & Campground that offer services to residents at reasonable prices. All-in-all, Lincoln township makes for a great place to live due to its low cost of living.
Lincoln township (Arenac County) has an unemployment rate of 9.3%. The US average is 6.0%.
Lincoln township (Arenac County) 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 Lincoln township (Arenac County)
- The Sales Tax Rate for Lincoln township (Arenac County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lincoln township (Arenac 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 Lincoln township (Arenac County)
- The average income of a Lincoln township (Arenac County) resident is $22,975 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln township (Arenac County) resident is $56,607 a year. The US average is $69,021 a year.