Negaunee, MI is a small city located in the Upper Peninsula of Michigan and is home to many notable businesses such as Fitgers Brewhouse, Mining Journal Media Group, and Lower Harbor Ore Dock. The cost of living in Negaunee is significantly lower than many other parts of the US. For instance, 2 bedroom rent in Negaunee is $900 compared to an average national rent rate of $1,430. Similarly, grocery prices are also lower with the Cost Index sitting at 92 versus 100 being the US average. All these factors make Negaunee an ideal place for those looking for a more economical lifestyle while taking advantage of all that this city has to offer.
Negaunee has an unemployment rate of 5.9%. The US average is 6.0%.
Negaunee has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Negaunee
- The Sales Tax Rate for Negaunee is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Negaunee 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 Negaunee
- The average income of a Negaunee resident is $22,845 a year. The US average is $28,555 a year.
- The Median household income of a Negaunee resident is $57,145 a year. The US average is $69,021 a year.