Rapid River, MI is an ideal place to live for those looking for a less expensive cost of living. It offers an average two bedroom rent of $850 compared to the US average two bedroom rent which is $1,430. Groceries in Rapid River are also quite reasonable with a Grocery Cost Index of 91 compared to the national average of 100. The city is also home to a number of small businesses such as the Rapid River Lodge & Suites, Cappo's Pizza, and Rapid River Hardware Store that provide quality services at reasonable prices. All in all, Rapid River provides an affordable and pleasant environment for residents to call home.
Rapid River township (Kalkaska County) has an unemployment rate of 8.0%. The US average is 6.0%.
Rapid River township (Kalkaska County) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Rapid River township (Kalkaska County)
- The Sales Tax Rate for Rapid River township (Kalkaska County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rapid River township (Kalkaska County) 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 Rapid River township (Kalkaska County)
- The average income of a Rapid River township (Kalkaska County) resident is $20,571 a year. The US average is $37,638 a year.
- The Median household income of a Rapid River township (Kalkaska County) resident is $50,602 a year. The US average is $69,021 a year.