Luce County, Michigan is located in the Upper Peninsula of Michigan. It is a very rural area with a population of approximately 8700 people. The cost of living in this area is quite low compared to the rest of the United States. For example, two bedroom rent costs around $860 which is much cheaper than the US average of $1430. Additionally, groceries here are also relatively inexpensive due to an index score of 91 versus 100 in the US. In terms of local businesses, some popular companies include Dairy Queen, Pat's Foods and Northern Auto Parts. All these factors contribute to an overall low cost of living in Luce County, making it an ideal place for those on a budget seeking a small town atmosphere filled with outdoor activities and peaceful scenic views.
Luce County has an unemployment rate of 7.6%. The US average is 6.0%.
Luce County 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 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Luce County
- The Sales Tax Rate for Luce County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Luce 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 Luce County
- The average income of a Luce County resident is $17,951 a year. The US average is $28,555 a year.
- The Median household income of a Luce County resident is $49,667 a year. The US average is $69,021 a year.