Presque Isle, MI is a small town located in the north of Michigan. It is an excellent place to live due to its affordable housing options and cost of living. The typical two bedroom rent in Presque Isle is $930 which is significantly less than the national average of $1,430. Furthermore, the grocery cost index in the area stands at 94 versus the national average at 100, making it a great destination for those looking to save money on food expenses. In terms of businesses, Presque Isle is home to some notable companies such as Presque Isle Electric Cooperative which provides electrical services and products to local households and businesses, as well as Presque Isle Insurance Agency that offers insurance solutions for automobiles, property and more.
Presque Isle has an unemployment rate of 9.5%. The US average is 6.0%.
Presque Isle 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 11.8%, which is lower than the US average of 33.5%.
Tax Rates for Presque Isle
- The Sales Tax Rate for Presque Isle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Presque Isle 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 Presque Isle
- The average income of a Presque Isle resident is $28,890 a year. The US average is $28,555 a year.
- The Median household income of a Presque Isle resident is $80,750 a year. The US average is $69,021 a year.