Taylor, MI is a great place to live due to its reasonable cost of living. Rent for a two bedroom apartment is significantly lower than the national average, coming in at just $1,060 compared to the US average of $1,430. It's also easy on the wallet when it comes to grocery shopping - Taylor's grocery cost index is 92 versus the US index of 100. While Taylor may be known for its affordable living costs, it's also home to some excellent local businesses and attractions like D'Vine Wines and Estates, Tom's Mom's Cookies, and Heritage Park and Amphitheater. These are just a few of the many great places that make Taylor such a wonderful place to call home.
Taylor has an unemployment rate of 5.5%. The US average is 6.0%.
Taylor 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 Taylor
- The Sales Tax Rate for Taylor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Taylor 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 Taylor
- The average income of a Taylor resident is $20,246 a year. The US average is $28,555 a year.
- The Median household income of a Taylor resident is $55,358 a year. The US average is $69,021 a year.