Economy in Mancelona township, MI

Mancelona township, MI is a great place to live. The cost of living is lower than the US on average, making it an affordable option for many people. 2 bedroom rent in Mancelona township comes in at $870 compared to the US average of $1,430 - a significant savings. In addition, the grocery cost index of 90 in Mancelona township versus 100 in the US also makes it an economical place to call home. Local businesses and attractions include Treetops Resort Golf & Ski, The Bear Den Movie Theatre, and Mancelona Hardware Co-Op. There are also many restaurants to choose from such as Valley Roadhouse Bar & Grill or Charlie's Place Family Dining. With so much to offer, Mancelona township is an appealing choice for anyone looking for an affordable place to live with plenty of local amenities.

Mancelona township has an unemployment rate of 7.8%. The US average is 6.0%.

Mancelona township has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.

Tax Rates for Mancelona township
- The Sales Tax Rate for Mancelona township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mancelona township 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 Mancelona township
- The average income of a Mancelona township resident is $15,364 a year. The US average is $28,555 a year.
- The Median household income of a Mancelona township resident is $52,762 a year. The US average is $69,021 a year.