Sault Ste. Marie, MI Metro Area is an affordable city located in Michigan, with a great range of leisure activities and local businesses for residents to take advantage of. The 2 bedroom rent in this area is $890 which is significantly lower than the US average at $1,430, making it a great place for those looking to move from expensive cities around the country. Grocery Cost Index in this metro area is also lower at 90 versus 100 in the US, making everyday living even more affordable. Local companies include Soo Foundry and Machine Company, who specialize in custom and replacement industrial parts, as well as Stevens Transport Inc., which provides freight hauling services throughout Canada and North America. With its affordability and strong business presence Sault Ste. Marie, MI Metro Area is a great place to live or visit!
Sault Ste. Marie Metro Area has an unemployment rate of 7.3%. The US average is 6.0%.
Sault Ste. Marie Metro Area 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 Sault Ste. Marie Metro Area
- The Sales Tax Rate for Sault Ste. Marie Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sault Ste. Marie Metro Area 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 Sault Ste. Marie Metro Area
- The average income of a Sault Ste. Marie Metro Area resident is $20,563 a year. The US average is $28,555 a year.
- The Median household income of a Sault Ste. Marie Metro Area resident is $53,079 a year. The US average is $69,021 a year.