Manistique township, MI Economy


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United States / Michigan / No Metro Area / Schoolcraft County / Manistique township / Zip Codes
Manistique township, MI is a pleasant town located in the Upper Peninsula of Michigan. It offers a peaceful atmosphere with plenty of outdoor activities to explore. The cost of living in Manistique township is much lower than the national average. For example, 2 bedroom rent is $830 compared to $1,430 in the US and the Grocery Cost Index is 91 versus 100 in the US. This makes Manistique an attractive place for people who are looking for more affordable housing options. There are also many local businesses in Manistique such as Lake Effect Marine & Motorsports, Anderson Greenhouse & Floral Shop, and VFW Post 2498 that provide goods and services to community members. All in all, Manistique township provides a great combination of affordability and quality of life that make it an attractive place for people on any budget.

Manistique township has an unemployment rate of 8.9%. The US average is 6.0%.

Manistique township has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Manistique township
- The Sales Tax Rate for Manistique township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Manistique 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 Manistique township
- The average income of a Manistique township resident is $27,393 a year. The US average is $37,638 a year.
- The Median household income of a Manistique township resident is $49,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyManistique township, MichiganUnited States
  8.96
  -4.5%-6.2%
  19.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,393$37,638
  $49,583$69,021
  $65,515$85,028
  Population by Occupation
  3.4%1.2%
  2.1%0.5%
  8.9%6.8%
  6.7%10.0%
  4.6%2.5%
  19.0%11.0%
  4.6%4.8%
  2.1%0.8%
  0.0%1.9%
  3.1%4.7%
  1.2%1.9%
  7.0%7.6%
  0.0%0.1%
  3.4%4.2%
  0.0%9.3%
  13.8%14.0%
  1.5%2.1%
  7.0%7.0%
  4.3%4.8%
  7.3%4.7%
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