Palmer, MI is a small town located in the Upper Peninsula of Michigan. The area is known for its beautiful scenery and plethora of outdoor activities to explore. The 2 bedroom rent is significantly lower than the US average, making it an attractive option for those who are looking to live in a rural location. The grocery cost index in Palmer, MI is also below the national average, giving citizens more bang for their buck when it comes to spending on food items. Some local companies that contribute to the town's economy include TAD Management Inc., Eastwood Logging Inc., and Countryside Roofing & Siding.
Palmer has an unemployment rate of 5.9%. The US average is 6.0%.
Palmer 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 Palmer
- The Sales Tax Rate for Palmer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palmer 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 Palmer
- The average income of a Palmer resident is $17,659 a year. The US average is $28,555 a year.
- The Median household income of a Palmer resident is $60,313 a year. The US average is $69,021 a year.