Mikado, MI is an affordable place to live. The average two bedroom rent in Mikado is $810 dollars which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Mikado is 89 versus 100 in the US meaning that food costs here are 11 percent less than the national average. Some local companies that call Mikado home include Mikado Diner, Super 8 Motel and Great Lakes Motorcycle Tours. Living costs are low with rent below the national average and grocery prices at a discount as well making this small town a great place to settle down for those looking for an affordable lifestyle.
Mikado has an unemployment rate of 7.4%. The US average is 6.0%.
Mikado has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Mikado
- The Sales Tax Rate for Mikado is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mikado 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 Mikado
- The average income of a Mikado resident is $18,146 a year. The US average is $28,555 a year.
- The Median household income of a Mikado resident is $43,281 a year. The US average is $69,021 a year.