Mentor township (Cheboygan County), MI Economy


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United States / Michigan / No Metro Area / Cheboygan County / Mentor township (Cheboygan County) / Zip Codes
Mentor township (Cheboygan Cnty), MI is a great place to call home. With its low rental costs, grocery cost index and local attractions, it's an attractive destination for people looking to move into the area. The average 2 bedroom rent in Mentor township (Cheboygan Cnty), MI is $870 per month which is much lower than the national average of $1,430 per month. Not only that but the Grocery Cost Index in Mentor township (Cheboygan Cnty), MI is 91 compared to the national index of 100, making groceries more affordable here as well. The community also has plenty of local businesses and attractions for visitors and residents alike to explore. Some popular places include Black Lake Golf Club where golfers can enjoy a round of 18 holes, multiple wineries and tasting rooms at both Cheboygan County Winery and Blackbird Cellars, hiking trails at Mullett Township Park, as well as excellent fishing and swimming opportunities at Burt Lake State Park. There truly is something for everyone in Mentor township (Cheboygan Cnty), MI.

Mentor township (Cheboygan County) has an unemployment rate of 13.1%. The US average is 6.0%.

Mentor township (Cheboygan County) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.

Tax Rates for Mentor township (Cheboygan County)
- The Sales Tax Rate for Mentor township (Cheboygan County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mentor township (Cheboygan 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 Mentor township (Cheboygan County)
- The average income of a Mentor township (Cheboygan County) resident is $43,199 a year. The US average is $28,555 a year.
- The Median household income of a Mentor township (Cheboygan County) resident is $47,679 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMentor township (Cheboygan County), MichiganUnited States
  13.16
  -8.7%-6.2%
  17.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,255$37,638
  $47,679$69,021
  $58,750$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  10.7%6.8%
  11.0%10.0%
  0.7%2.5%
  17.8%11.0%
  1.8%4.8%
  0.0%0.8%
  2.1%1.9%
  1.4%4.7%
  0.7%1.9%
  1.1%7.6%
  0.0%0.1%
  4.6%4.2%
  3.6%9.3%
  13.9%14.0%
  1.1%2.1%
  8.2%7.0%
  12.8%4.8%
  7.5%4.7%
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