Sherman Township (Keweenaw Cnty), MI is a popular residential area located in Michigan’s Upper Peninsula. The area provides many advantages to its residents, including access to numerous local companies and amenities. 2 bedroom rent in the area is $830, which is significantly lower compared to the US 2 bedroom rent of $1,430, making it a desirable place for those looking for affordable housing. Additionally, the Grocery Cost Index in Sherman township (Keweenaw Cnty) is 91, versus 100 in the US - making the cost of groceries lower than average as well. Local companies include Keweenaw County Federal Credit Union offering banking services along with non-profits such as Keweenaw Community Foundation providing support to local citizens. Other amenities include shops, restaurants, libraries, museums and parks that offer recreational activities for people of all ages.
Sherman township (Keweenaw County) has an unemployment rate of 7.2%. The US average is 6.0%.
Sherman township (Keweenaw County) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (Keweenaw County)
- The Sales Tax Rate for Sherman township (Keweenaw County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (Keweenaw 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 (Keweenaw County)
- The average income of a Sherman township (Keweenaw County) resident is $28,473 a year. The US average is $37,638 a year.
- The Median household income of a Sherman township (Keweenaw County) resident is $32,426 a year. The US average is $69,021 a year.