Scio, MI is a charming small town located in Michigan’s lower peninsula. The cost of living is slightly higher than the national average due to the high rent for a two-bedroom house which is $1,680 per month compared to $1,430 nationally. Grocery prices in Scio are also higher than elsewhere in the US with an index rating of 102 instead of 100. The town offers services from local companies such as Scio Lumber & Hardware Co., and the Scio Travel Agency. There are also plenty of outdoor activities to enjoy like fishing and boating on the nearby Huron River or heading out to Kensington Metropark for a picnic or afternoon hike.
Scio has an unemployment rate of 4.3%. The US average is 6.0%.
Scio has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Scio
- The Sales Tax Rate for Scio is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scio 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 Scio
- The average income of a Scio resident is $45,208 a year. The US average is $28,555 a year.
- The Median household income of a Scio resident is $126,429 a year. The US average is $69,021 a year.