Marenisco Township, MI is a small town in Iron County with a population of 1,061. It has several local businesses such as the Marenisco Professional Building, Pines Inn Motel, and Marenisco Veterinary Clinic. The cost of rent for a two-bedroom apartment in Marenisco township is $810 per month compared to the US average of $1,430. Additionally, the grocery cost index in Marenisco Township is 96 versus 100 in the US. This makes it much more affordable to live and work in this town than other places around the country.
Marenisco township has an unemployment rate of 5.6%. The US average is 6.0%.
Marenisco township 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 township
- The Sales Tax Rate for Marenisco township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Marenisco 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 Marenisco township
- The average income of a Marenisco township resident is $11,976 a year. The US average is $28,555 a year.
- The Median household income of a Marenisco township resident is $49,444 a year. The US average is $69,021 a year.