Nahma, MI is a small town located in northern Michigan. It has a population of around 700 people and is known for its quiet, rural atmosphere and low cost of living. The median two-bedroom rent in Nahma is $820 per month which is significantly lower than the US average of $1,430 per month. Grocery costs in Nahma are also cheaper as the grocery cost index there is 91 compared to 100 in the US on average. There are several local businesses in Nahma such as Ski's Food Market, Jones Superette, and Molloy's Bar & Grill that serve residents with all their needs at more affordable prices than larger cities. In conclusion, Nahma is an ideal place to live due to its low prices and peaceful environment.
Nahma has an unemployment rate of 6.4%. The US average is 6.0%.
Nahma has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Nahma
- The Sales Tax Rate for Nahma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nahma 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 Nahma
- The average income of a Nahma resident is $31,635 a year. The US average is $37,638 a year.
- The Median household income of a Nahma resident is $43,375 a year. The US average is $69,021 a year.