Whitefish, MI is a beautiful small town in Michigan's Upper Peninsula. It is situated in the heart of Lake Superior country, with easy access to hiking trails, rivers, and historic sites. The small town has a population of about 5,500 people and offers an affordable cost of living with much lower rent than national averages. On average, 2 bedroom rentals can be found for around $910 per month compared to the US average of $1,430 per month. Similarly, the grocery cost index in Whitefish is 90 versus 100 in the US.
Whitefish’s local economy is driven by tourism and natural resources management. Major employers include Bay West LLC and Skandia Inc., both manufacturing companies with strong ties to the community. The area’s scenic beauty also draws tourists from all over the world who come to explore nature and take advantage of outdoor activities available year-round.
The lower rental prices in Whitefish are largely attributed to its small size as well as its rural location offering limited opportunities for renters seeking more urban amenities such as public transportation or nearby shopping centers or night life venues. Additionally, many landlords prefer to keep their apartments filled year round due to competition among local businesses which helps keep prices down too.
Whitefish has an unemployment rate of 7.3%. The US average is 6.0%.
Whitefish 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 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Whitefish
- The Sales Tax Rate for Whitefish is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Whitefish 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 Whitefish
- The average income of a Whitefish resident is $23,714 a year. The US average is $28,555 a year.
- The Median household income of a Whitefish resident is $54,844 a year. The US average is $69,021 a year.