McMillan township (Ontonagon County), MI Economy


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United States / Michigan / No Metro Area / Ontonagon County / McMillan township (Ontonagon County) / Zip Codes
McMillan Township (Ontonagon Cnty), MI is a small rural community located in the Upper Peninsula of Michigan. It has a variety of local businesses including restaurants, grocery stores, and specialty shops. The cost of living is relatively low compared to other areas in Michigan. Rent for a two bedroom apartment is $830 which is much lower than the national average of $1,430. Additionally, the grocery cost index is 90 versus 100 in the US making it more affordable for families to purchase food. Local businesses that are popular in McMillan Township include River Valley Cafe and Saloon, O'Neal's Country Store and Grill, and McMillan Grocery Store. All of these businesses provide excellent services to residents and are highly recommended by locals.

McMillan township (Ontonagon County) has an unemployment rate of 7.8%. The US average is 6.0%.

McMillan township (Ontonagon County) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 6.9%, which is lower than the US average of 33.5%.

Tax Rates for McMillan township (Ontonagon County)
- The Sales Tax Rate for McMillan township (Ontonagon County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McMillan township (Ontonagon 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 (Ontonagon County)
- The average income of a McMillan township (Ontonagon County) resident is $27,969 a year. The US average is $28,555 a year.
- The Median household income of a McMillan township (Ontonagon County) resident is $45,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMcMillan township (Ontonagon County), MichiganUnited States
  7.86
  -5.3%-6.2%
  6.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,515$37,638
  $45,625$69,021
  $69,000$85,028
  Population by Occupation
  3.5%1.2%
  6.4%0.5%
  1.7%6.8%
  5.8%10.0%
  4.6%2.5%
  12.7%11.0%
  1.7%4.8%
  0.0%0.8%
  1.2%1.9%
  8.7%4.7%
  0.0%1.9%
  1.2%7.6%
  0.0%0.1%
  0.0%4.2%
  8.1%9.3%
  14.5%14.0%
  4.6%2.1%
  11.6%7.0%
  8.7%4.8%
  5.2%4.7%
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