Sherman Township (Iosco Cnty), MI is a great place to live and work. It is situated in East Central Michigan, and offers ample attractions for residents and visitors alike. The cost of living in Sherman Township is quite low with the average 2 bedroom rent at $800 compared to the US average of $1430. Grocery costs are also very economical with an index of 90 versus 100 in the US.
Sherman Township is home to several businesses, including Standard Process Health Care Clinic, Iosco County Community Credit Union, Bell’s Market, Iosco County Speedway Racing Track and Skidway Lake Motel & Resort. There are plenty of recreational opportunities such as camping, hunting, fishing, boating and snowmobiling on the Huron National Forest and the AuSable State Forest. For art lovers there’s also Tawas Bay Beachfront Park which hosts many events throughout the year such as a summer concert series or a winter ice carving competition. There are many local festivals including annual events like the Iosco Country Fair or Sherman Days Festival. For those looking for unique attractions other than these large festivals you can also visit places like The Indian River Strand Theatre or explore historic buildings from Michigan's Gold Rush days around town.
Sherman township (Iosco County) has an unemployment rate of 7.5%. The US average is 6.0%.
Sherman township (Iosco County) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (Iosco County)
- The Sales Tax Rate for Sherman township (Iosco County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (Iosco 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 Sherman township (Iosco County)
- The average income of a Sherman township (Iosco County) resident is $24,016 a year. The US average is $37,638 a year.
- The Median household income of a Sherman township (Iosco County) resident is $41,154 a year. The US average is $69,021 a year.