Ponshewaing, MI is a wonderful place to live with plenty of activities for all ages. The cost of living is affordable, which makes it an attractive destination for those looking to save money. Rent for a two bedroom apartment in Ponshewaing is $960, compared to the US average of $1,430. Grocery costs are also low at 91 on the index versus the US average of 100. There are plenty of local companies and activities to choose from in Ponshewaing. For outdoor enthusiasts, there's the Ponshewaing Lake State Park that has trails for hiking and biking, as well as a range of water sports such as kayaking and swimming. For shopping, there's the Bay Street Mall featuring many great stores and restaurants. There's also a variety of independent businesses throughout town that offer unique products and services.
Ponshewaing has an unemployment rate of 7.5%. The US average is 6.0%.
Ponshewaing has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Ponshewaing
- The Sales Tax Rate for Ponshewaing is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ponshewaing 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 Ponshewaing
- The average income of a Ponshewaing resident is $60,137 a year. The US average is $37,638 a year.
- The Median household income of a Ponshewaing resident is $0 a year. The US average is $69,021 a year.