Sebewaing, MI is a small town in Michigan located along the Saginaw Bay off of Lake Huron. It is known for its vibrant downtown with local businesses and restaurants. Residents of Sebewaing enjoy affordable housing options, with the average rent for a two bedroom apartment costing only $840 per month. Grocery stores in Sebewaing are also competitively priced with a grocery cost index of 89 compared to the US national average of 100. Local companies that contribute to the economy include Fisher's Carpet One, CVS Pharmacy, and The Sebewaing Tavern. There are also plenty of outdoor activities available in Sebewaing such as fishing on the Saginaw Bay or hiking in nearby parks like Indianfields Township Park and Ledgerock Preserve. Overall, Sebewaing is an affordable place to live with plenty of amenities for its residents to take advantage of.
Sebewaing has an unemployment rate of 5.7%. The US average is 6.0%.
Sebewaing 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 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Sebewaing
- The Sales Tax Rate for Sebewaing is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sebewaing 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 Sebewaing
- The average income of a Sebewaing resident is $22,953 a year. The US average is $28,555 a year.
- The Median household income of a Sebewaing resident is $44,500 a year. The US average is $69,021 a year.