Escanaba, MI Metro Area is an affordable and diverse place to call home. The average two-bedroom rent is $830 a month, making it much more affordable than the US average of $1,430 for the same size. Groceries are also relatively inexpensive at 90 index points compared to the US average of 100. There are a variety of companies in Escanaba, including Peninsula Medical Care, Thrivent Financial, Walmart, and Dan's Family Restaurant. Residents can find employment or retail opportunities with these organizations or countless other options in the area.
Escanaba Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Escanaba Metro Area has seen the job market increase by 0.1% 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 Escanaba Metro Area
- The Sales Tax Rate for Escanaba Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Escanaba 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 Escanaba Metro Area
- The average income of a Escanaba Metro Area resident is $22,525 a year. The US average is $28,555 a year.
- The Median household income of a Escanaba Metro Area resident is $51,117 a year. The US average is $69,021 a year.