Tawas City, MI is a small city located in the Northeastern part of Michigan with an estimated population of 2,834. It is known for its affordable housing options, with the average rent for a two bedroom apartment being $770 compared to the U.S. average of $1,430. Similarly, grocery costs in Tawas are much lower than the national averages too; with an index of 90 versus 100 in the U.S. This makes it great for those looking to save money without sacrificing quality or convenience. Local businesses include AutoZone, Ashman Company Store and Family Dollar Store among other popular retailers and restaurants.
Tawas City has an unemployment rate of 7.5%. The US average is 6.0%.
Tawas City 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 City
- The Sales Tax Rate for Tawas City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tawas City 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 City
- The average income of a Tawas City resident is $19,908 a year. The US average is $28,555 a year.
- The Median household income of a Tawas City resident is $50,644 a year. The US average is $69,021 a year.