Saginaw, MI is a city located in the Saginaw Valley region of Michigan that has a lot to offer its residents. It is home to major employers such as GM Powertrain and Covenant HealthCare, which provide jobs for many of the local population. The city also offers a wide variety of entertainment options, including a park system with hiking trails and several museums. Additionally, the cost of living in Saginaw is relatively low compared to other areas. Rent for two-bedroom apartments averages $880 per month while the US average is $1,430 per month. Grocery costs are also lower than average with an index of 89 compared to 100 nationally.Overall, Saginaw provides an affordable option for those looking for a safe and thriving community in Michigan.
Saginaw has an unemployment rate of 11.7%. The US average is 6.0%.
Saginaw has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Saginaw
- The Sales Tax Rate for Saginaw is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Saginaw is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Saginaw
- The average income of a Saginaw resident is $15,127 a year. The US average is $28,555 a year.
- The Median household income of a Saginaw resident is $32,241 a year. The US average is $69,021 a year.