Houghton, MI County is a great place to live with many local businesses and institutions. The monthly rent for a two bedroom apartment in Houghton County is significantly more affordable than the US average at $830 compared to $1,430. Grocery costs are also lower here with an index of 91 versus the national average of 100. Houghton County boasts a number of amazing companies such as Giant Eagle Pharmacy, Hancock Space Science Center, and Superior National Bank & Trust Company. It is also home to some excellent educational institutions like Michigan Technological University and Finlandia University.
Houghton County has an unemployment rate of 5.4%. The US average is 6.0%.
Houghton County has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Houghton County
- The Sales Tax Rate for Houghton County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Houghton County 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 Houghton County
- The average income of a Houghton County resident is $27,087 a year. The US average is $37,638 a year.
- The Median household income of a Houghton County resident is $48,623 a year. The US average is $69,021 a year.