Schoolcraft is a small town in Michigan with an estimated population of 1,400 people. It's known for its friendly atmosphere and close-knit neighborhoods. With a two bedroom rent of $930, it's significantly cheaper than the US average rent at $1,430 per month. This makes Schoolcraft an ideal place for those looking to save money on housing costs without sacrificing quality or comfort. Additionally, the Grocery Cost Index in Schoolcraft is 97 compared to 100 in the US which furthers adds to the appeal of this quaint community.
Schoolcraft has a variety of businesses including restaurants, stores, and services that all serve their local community. Some popular businesses include Sager’s Farm Market, El Sol Mexican Restaurant, M & D Pizza Palace Plus II and Schoolcraft Pharmacy.
Overall, living in Schoolcraft can be an affordable option for many individuals who are looking to get away from city living without breaking the bank. With its low rental prices and grocery cost index comparison to the US average, Schoolcraft is an ideal location for someone wanting to experience small town life while still having access to all amenities necessary in day-to-day life.
Schoolcraft has an unemployment rate of 5.1%. The US average is 6.0%.
Schoolcraft has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Schoolcraft
- The Sales Tax Rate for Schoolcraft is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Schoolcraft 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 Schoolcraft
- The average income of a Schoolcraft resident is $22,659 a year. The US average is $28,555 a year.
- The Median household income of a Schoolcraft resident is $73,125 a year. The US average is $69,021 a year.