St. Ignace Township is situated in Michigan state along the Lake Huron shoreline. The township has a population of around 2,000 people and offers its locals access to all the essential amenities that they require on a daily basis. In terms of housing costs, the average rent for a 2 bedroom apartment in St. Ignace is significantly lower than the national average at $820 compared to $1,430 respectively. Similarly, the Grocery Cost Index in St. Ignace is 92 compared to 100 nationally, making it an affordable place to live with an overall low cost of living. Businesses located within St. Ignace include Great Lakes Shipyard & Dock LLC which provides repair and maintenance services for vessels including tugboats, barges and ferries as well as Mackinaw Boat Works Inc., which specializes in building custom wooden boats located at the mouth of the Mackinac River flowing between Lakes Michigan and Huron.
St. Ignace township has an unemployment rate of 16.2%. The US average is 6.0%.
St. Ignace township has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for St. Ignace township
- The Sales Tax Rate for St. Ignace township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Ignace township 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 St. Ignace township
- The average income of a St. Ignace township resident is $21,262 a year. The US average is $28,555 a year.
- The Median household income of a St. Ignace township resident is $55,441 a year. The US average is $69,021 a year.