Port Austin township, MI is a small town located in the tip of Michigan's Thumb region. This small town is known for being a popular spot for outdoor activities such as swimming and fishing in its crystal-clear Lake Huron waters. It also hosts an annual fall Festival with family-friendly activities like hayrides and a pumpkin patch. The cost of living in Port Austin township, MI is relatively low compared to other areas. For example, the median rent of a two-bedroom apartment is $820 whereas it costs around $1,430 on average across the US. The local grocery cost index is 93 which is lower than the national average of 100. There are several notable businesses that operate in Port Austin township including the family-owned grocery store called Balyeat’s Grocery, Bondy’s Ice Cream Parlor, and Mark’s Marine for boat repairs. With its affordable cost of living and diverse businesses options, Port Austin township continues to be an attractive destination for both locals and visitors alike.
Port Austin township has an unemployment rate of 5.7%. The US average is 6.0%.
Port Austin township has seen the job market decrease by -3.7% 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 township
- The Sales Tax Rate for Port Austin township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Port Austin township 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 township
- The average income of a Port Austin township resident is $35,286 a year. The US average is $37,638 a year.
- The Median household income of a Port Austin township resident is $44,489 a year. The US average is $69,021 a year.