Springport, MI is a beautiful city located in the United States. It has a pleasant climate and many recreational activities that attract people from all over. The cost of living in Springport is quite reasonable, with two bedroom rent being $1,120 compared to an average of $1,430 for the US. Grocery costs here are also very favorable at 92 on the Grocery Cost Index compared to 100 for the US. There is no shortage of businesses in Springport ranging from small boutiques to large chains such as Target and Walmart. Additionally, there are several local companies that contribute to the economy such as Wilcox Mechanical Services Corporation and H&H Industries Inc., providing excellent services to those in need.
Springport has an unemployment rate of 5.9%. The US average is 6.0%.
Springport has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Springport
- The Sales Tax Rate for Springport is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springport 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 Springport
- The average income of a Springport resident is $22,665 a year. The US average is $37,638 a year.
- The Median household income of a Springport resident is $51,250 a year. The US average is $69,021 a year.