Tawas, MI Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Michigan / No Metro Area / Iosco County / Tawas / Zip Codes
Tawas, MI is an affordable and inviting city that offers great quality of life for its residents. It is known for its low rent prices, with two bedroom apartments at 770 dollars per month compared to the US average of 1430 dollars per month. Additionally, the Grocery Cost Index in Tawas is 90 versus 100 in the US, making it a great place to buy food items at lower prices. The local economy consists of businesses like Tawas Bay Beach Resort, East Tawas City Marina and Bait Shop, and Iosco County Medical Care Facility. All-in-all, living in Tawas comes with many benefits and is an attractive option for those looking for a comfortable and affordable place to live.

Tawas has an unemployment rate of 7.5%. The US average is 6.0%.

Tawas has seen the job market increase by 1.0% 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 Tawas
- The Sales Tax Rate for Tawas is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tawas 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 Tawas
- The average income of a Tawas resident is $20,954 a year. The US average is $28,555 a year.
- The Median household income of a Tawas resident is $54,891 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTawas, MichiganUnited States
  7.56
  -5.3%-6.2%
  23.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,786$37,638
  $54,891$69,021
  $75,972$85,028
  Population by Occupation
  0.6%1.2%
  1.5%0.5%
  10.2%6.8%
  11.1%10.0%
  1.5%2.5%
  12.8%11.0%
  1.7%4.8%
  0.8%0.8%
  3.1%1.9%
  4.0%4.7%
  0.6%1.9%
  4.5%7.6%
  0.0%0.1%
  2.6%4.2%
  11.0%9.3%
  18.9%14.0%
  1.7%2.1%
  3.3%7.0%
  5.3%4.8%
  4.6%4.7%
Health
Compare Tawas, MI
cost of living
Compare food, housing, utilities, and more in Tawas, Michigan to any other city in the US.