Montmorency, MI County is a great place to live with plenty of job opportunities and amenities. The median two-bedroom rent in the county is only $830 compared to the national average of $1,430, making it an affordable option for those looking to move. Additionally, the area has a lower grocery cost index than the rest of the country at 91 compared to 100. This makes life more affordable for residents who are already enjoying lower rent costs. There are many local companies in Montmorency such as West Michigan Lumber Co., Ramco Tool & Machine Co., and Chamberlin's Natural Foods that provide employment opportunities for locals. All these factors make for an attractive monthly cost of living that appeals to both young people and families alike.
Montmorency County has an unemployment rate of 10.2%. The US average is 6.0%.
Montmorency County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Montmorency County
- The Sales Tax Rate for Montmorency County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montmorency 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 Montmorency County
- The average income of a Montmorency County resident is $20,209 a year. The US average is $28,555 a year.
- The Median household income of a Montmorency County resident is $43,913 a year. The US average is $69,021 a year.