Marenisco, MI is a small town located in the Upper Peninsula of Michigan. It is known for its scenic views and tranquil atmosphere. The cost of living in Marenisco is quite affordable when compared to other larger cities in the US. A two-bedroom rental can be found for around $810 per month, while the average rental cost for a similar size unit nationally is $1,430. In addition to inexpensive rent, grocery costs are also lower with an index score of 96 versus 100 in the US. Local businesses such as Towne Pub & Grill or Lumberjack Trading Post offer residents and visitors a variety of services and goods at competitive prices, making it even more financially feasible to live in Marenisco. With its low price point and stunning scenery, Marenisco is an ideal place to call home.
Marenisco has an unemployment rate of 5.6%. The US average is 6.0%.
Marenisco has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Marenisco
- The Sales Tax Rate for Marenisco is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Marenisco 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 Marenisco
- The average income of a Marenisco resident is $25,614 a year. The US average is $28,555 a year.
- The Median household income of a Marenisco resident is $46,500 a year. The US average is $69,021 a year.