Platte, MI is a quaint small town located in the Upper Peninsula of Michigan. It’s known for its gorgeous views of Lake Michigan, its vast acres of state parkland and hiking trails, and its friendly locals. The rent in Platte for a two-bedroom apartment is quite affordable at $990 compared to the US average of $1,430. Grocery costs are also more manageable with an index score of 96 versus 100 in the US. A great way to save extra money is by visiting local businesses such as Platte General Store, Northern Lights Gallery and Café, 24th Street Coffee House, and Hidden Treasure Antiques. These shops provide a unique experience that shouldn’t be missed! Additionally, visitors can explore nearby attractions like Deadman Bay Preserve or take a scenic drive down M-35 to experience some of Michigan's best sights.
Platte has an unemployment rate of 6.9%. The US average is 6.0%.
Platte has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Platte
- The Sales Tax Rate for Platte is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Platte 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 Platte
- The average income of a Platte resident is $23,897 a year. The US average is $28,555 a year.
- The Median household income of a Platte resident is $69,219 a year. The US average is $69,021 a year.