Munising Township in Michigan is a great place to live as it has an affordable cost of living. The average rent for a two-bedroom apartment is $840 per month, compared to $1,430 in the US. The Grocery Cost Index in Munising township is 92 which is 8 points lower than the national average of 100. This means that groceries are more affordable in this area than elsewhere in the country.
The township also has many local businesses that provide goods and services to residents. Some popular companies include Smith's Appliances, Lakeshore Lumber & Supply Co., Sischo Hardware & Rental Center, The Millwood Design Center, and The Great Outdoors Sporting Goods Store. These businesses make it easier for locals to access quality products without having to travel far from home.
Overall, Munising township provides a high quality of life with its affordable cost of living and numerous local businesses. Residents can save plenty of money by taking advantage of the low rental rates and grocery costs while still receiving excellent goods and services from nearby stores.
Munising township has an unemployment rate of 8.8%. The US average is 6.0%.
Munising township has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Munising township
- The Sales Tax Rate for Munising township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Munising township 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 Munising township
- The average income of a Munising township resident is $13,986 a year. The US average is $28,555 a year.
- The Median household income of a Munising township resident is $48,203 a year. The US average is $69,021 a year.