Alpena, MI Metro Area is an affordable place to live, with two-bedroom rent being around $830, which is significantly cheaper than the US average of $1,430. The cost of living here is also relatively low compared to other parts of the country; the grocery cost index in Alpena is 91 versus 100 in the US. This makes it ideal for individuals and families looking for a comfortable home without breaking the bank. It has a few large companies such as Besser Company, a manufacturer of concrete products; Superior Rail & Iron Works Inc., which specializes in industrial steel structures; and Alpena Power Company, which serves over 20,000 customers throughout northeastern Michigan. For those who enjoy outdoor activities, there are plenty of beautiful parks and lakes to explore. With its fantastic amenities and affordability, Alpena Metro Area is an excellent location to call home.
Alpena Metro Area has an unemployment rate of 6.0%. The US average is 6.0%.
Alpena Metro Area has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Alpena Metro Area
- The Sales Tax Rate for Alpena Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alpena 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 Alpena Metro Area
- The average income of a Alpena Metro Area resident is $21,975 a year. The US average is $28,555 a year.
- The Median household income of a Alpena Metro Area resident is $44,864 a year. The US average is $69,021 a year.