Laingsburg, MI is an affordable community for residents who are looking to rent or buy a home. The 2 bedroom rent in Laingsburg is lower than the US average at $870 versus $1,430. This affordability can be further seen in the Grocery Cost Index as it is 95 compared to the US average of 100. There are plenty of local businesses in this Michigan town such as Laingsburg Pharmacy, Laingsburg Veterinary Clinic, and Benner’s Hardware that have been operating in the area for many years. With its low cost of living and charming local businesses, Laingsburg MI is an attractive say for people looking to make their home.
Laingsburg has an unemployment rate of 5.6%. The US average is 6.0%.
Laingsburg has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Laingsburg
- The Sales Tax Rate for Laingsburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laingsburg 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 Laingsburg
- The average income of a Laingsburg resident is $19,134 a year. The US average is $28,555 a year.
- The Median household income of a Laingsburg resident is $52,000 a year. The US average is $69,021 a year.