Resort, MI is a small town located in the Midwest. It is known for its affordable housing options and grocery costs. The average rent for a two-bedroom apartment in Resort, MI is $990, making it much less expensive than the US average of $1,430. Similarly, the Grocery Cost Index is 95 compared to 100 nationally. This makes it much more affordable for locals to buy groceries. Popular local businesses include Valley Grocery, Bailey's Hardware Store and Resort Pizza Company. These businesses provide an important source of employment and contribute to the booming economy in Resort, MI.
Resort has an unemployment rate of 7.5%. The US average is 6.0%.
Resort has seen the job market increase by 0.7% 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 Resort
- The Sales Tax Rate for Resort is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Resort 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 Resort
- The average income of a Resort resident is $38,199 a year. The US average is $28,555 a year.
- The Median household income of a Resort resident is $96,111 a year. The US average is $69,021 a year.