Port Austin, MI is a small town located on the tip of Michigan's thumb. This charming community is known for its natural beauty, access to Lake Huron, and afforable cost of living. The typical 2 bedroom rent in Port Austin is only $820 per month, whereas the US average rent for a 2 bedroom unit is $1,430 - making it cheaper than most places in the country. Local grocery stores such as Gengel's Market and Port Austin Food Center have been offering residents lower prices due to their stringent buying habits. Moreover, with the Grocery Cost Index in Port Austin being 93 compared to 100 in the US average, there are plenty of ways to save money here. All these factors make Port Austin an attractive option for those looking for low-cost living options.
Port Austin has an unemployment rate of 5.7%. The US average is 6.0%.
Port Austin has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Port Austin
- The Sales Tax Rate for Port Austin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Port Austin 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 Port Austin
- The average income of a Port Austin resident is $19,692 a year. The US average is $28,555 a year.
- The Median household income of a Port Austin resident is $48,333 a year. The US average is $69,021 a year.