Onaway, MI is a small town with an estimated population of 49765 located in the state of Michigan. It is known for its lush green forests, serene lakes, and crystal-clear creeks. The average 2-bedroom rent in Onaway is $820 which is quite economical compared to the US average of $1,430. Additionally, the grocery cost index in Onaway is 90 versus 100 in the US. There are several local stores within Onaway such as Thumb Market at 4075 M-68 Highway that offers high quality groceries at reasonable prices; gas stations like LP Gas Station on State Street where you can fuel up your vehicle and buy snacks; and restaurants like Horizons Bistro & Grill at 3700 West M-68 Highway for an evening meal. In Onaway, you can find affordable housing while enjoying quality goods and services from local businesses.
Onaway (zip 49765) has an unemployment rate of 9.5%. The US average is 6.0%.
Onaway (zip 49765) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 11.8%, which is lower than the US average of 33.5%.
Tax Rates for Onaway (zip 49765)
- The Sales Tax Rate for Onaway (zip 49765) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Onaway (zip 49765) 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 Onaway (zip 49765)
- The average income of a Onaway (zip 49765) resident is $21,524 a year. The US average is $28,555 a year.
- The Median household income of a Onaway (zip 49765) resident is $48,618 a year. The US average is $69,021 a year.