Stambaugh, MI is a small town located in the Iron County of Michigan. It is known for its rich cultural and natural history, and offers a cozy small-town atmosphere. Housing costs are quite affordable, with 2 bedroom rent averaging at $830 compared to the US average of $1,430. Grocery shopping also tends to be cheaper than in many other parts of the country as Stambaugh's Grocery Cost Index index is 90 versus 100 in the US. The city is home to several local businesses including Café Rosetta, an Italian restaurant serving fresh pasta dishes; JJ's General Store & Hardware, a store offering a variety of products and services for all your home maintenance needs; and The Sportsman Bar & Grill which offers delicious pub-style meals.
Stambaugh has an unemployment rate of 6.8%. The US average is 6.0%.
Stambaugh has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Stambaugh
- The Sales Tax Rate for Stambaugh is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stambaugh 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 Stambaugh
- The average income of a Stambaugh resident is $26,679 a year. The US average is $28,555 a year.
- The Median household income of a Stambaugh resident is $68,125 a year. The US average is $69,021 a year.