Forest Hills, MI is a small city located in Central Michigan. It has a population of around 3,000 people, and is known for its low crime rates and safe atmosphere. The two-bedroom rent in Forest Hills is $1,680, which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Forest Hills is 102 compared to 100 in the US. Therefore it can be assumed that the overall cost of living in Forest Hills is slightly higher than other places across the country.
The city features numerous local businesses such as Country Market & Deli, Riddle's Jewelry Store, Grand Ledge Ford and Sparks Industries. These companies give Forest Hills locals access to products and services that they need within their city limits. It’s easy to see why this small town makes an attractive option for those looking for a safe and affordable place to live with plenty of job opportunities.
Forest Hills has an unemployment rate of 4.8%. The US average is 6.0%.
Forest Hills has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Forest Hills
- The Sales Tax Rate for Forest Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forest Hills 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 Forest Hills
- The average income of a Forest Hills resident is $51,726 a year. The US average is $28,555 a year.
- The Median household income of a Forest Hills resident is $131,587 a year. The US average is $69,021 a year.