Montague, MI is a small town located in the western part of Michigan. It is known for its beautiful lakes and forests, making it an ideal location for outdoor activities. The cost of living in Montague is fairly low, with an average two bedroom rent of $880 per month, which is much lower than the national average of $1,430. Additionally, the local grocery cost index is 94 compared to the US index of 100. This means that groceries are relatively cheaper in Montague than elsewhere in the country. Local businesses such as Finley Lake Market and Ferris Coffee & Nut provide locals with affordable goods and services. With its lower costs and natural beauty, Montague offers a great opportunity to live comfortably at an affordable price.
Montague has an unemployment rate of 7.5%. The US average is 6.0%.
Montague has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Montague
- The Sales Tax Rate for Montague is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montague 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 Montague
- The average income of a Montague resident is $23,583 a year. The US average is $28,555 a year.
- The Median household income of a Montague resident is $60,948 a year. The US average is $69,021 a year.