McMillan township (Luce County), MI Economy


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United States / Michigan / No Metro Area / Luce County / McMillan township (Luce County) / Zip Codes
McMillan township (Luce Cnty), MI is a great place for people who want to live in a comfortable community. The rent for two bedroom homes is about $760, which is much lower than the national average of $1,430. Additionally, the grocery cost index in McMillan township (Luce Cnty), MI is 90 compared to 100 in the US. This makes it an attractive option for someone looking for an affordable place to live without compromising on quality of life. The area is home to several local businesses and companies such as Riverside Automotive Parts, Luce County Co-Op and Chief Supermarket, as well as Newberry Electric & Supply Company. There are also plenty of recreational activities such as fishing, hunting and boating available nearby.

McMillan township (Luce County) has an unemployment rate of 7.6%. The US average is 6.0%.

McMillan township (Luce County) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for McMillan township (Luce County)
- The Sales Tax Rate for McMillan township (Luce County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McMillan township (Luce 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 McMillan township (Luce County)
- The average income of a McMillan township (Luce County) resident is $27,043 a year. The US average is $37,638 a year.
- The Median household income of a McMillan township (Luce County) resident is $44,384 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMcMillan township (Luce County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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