River Rouge in Michigan is a great place to live for individuals and families looking for affordable rent. Based on the provided content, two bedroom apartments have an average monthly rent of $1,000 compared to the US average of $1,430. The Grocery Cost Index is also lower in River Rouge with a score of 88 versus 100 in the US. This makes it cheaper to buy groceries in River Rouge than other parts of the country. Local companies include Ford Motor Company, Detroit Diesel Corporation, and BAE Systems Automotive. All these factors make River Rouge a great place to live with lower costs than other parts of the country while still having access to big businesses like those mentioned above.
River Rouge has an unemployment rate of 5.6%. The US average is 6.0%.
River Rouge has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for River Rouge
- The Sales Tax Rate for River Rouge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for River Rouge 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 River Rouge
- The average income of a River Rouge resident is $14,298 a year. The US average is $28,555 a year.
- The Median household income of a River Rouge resident is $24,023 a year. The US average is $69,021 a year.