Mackinaw City, MI is a small city located in Cheboygan County. The population is around 805 people. The cost of living in Mackinaw City is quite affordable due to the 2 bedroom rent being only $870 compared to $1,430 nationally. Additionally, the Grocery Cost Index is 93 versus 100 nationally. This makes Mackinaw City an attractive place for those looking to save money while still having access to local businesses and amenities such as the Oleson's Food Store, Mackinaw Crossings Shopping Center, and Martin Way Marina. All these places offer great services at reasonable prices making it easier for everyone to experience the beauty that Mackinaw City has to offer.
Mackinaw City (zip 49701) has an unemployment rate of 13.1%. The US average is 6.0%.
Mackinaw City (zip 49701) has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Mackinaw City (zip 49701)
- The Sales Tax Rate for Mackinaw City (zip 49701) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mackinaw City (zip 49701) 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 Mackinaw City (zip 49701)
- The average income of a Mackinaw City (zip 49701) resident is $28,423 a year. The US average is $37,638 a year.
- The Median household income of a Mackinaw City (zip 49701) resident is $51,000 a year. The US average is $69,021 a year.