Almont, MI is a small town located about 35 miles northeast of Detroit. It is known for its rural charm and historic downtown area. Local companies in the area include Almont Glass & Mirror, Almont Auto Repair, and Almont Bakery. The cost of living in the area is significantly lower than the US averages, as evidenced by 2 bedroom rent costing $1,040 compared to the US average of $1,430 and groceries costing just 97 compared to 100 in the US. This offers an attractive option for people looking to save money while still enjoying the perks of suburban life.
Almont has an unemployment rate of 4.9%. The US average is 6.0%.
Almont has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Almont
- The Sales Tax Rate for Almont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Almont 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 Almont
- The average income of a Almont resident is $23,749 a year. The US average is $28,555 a year.
- The Median household income of a Almont resident is $70,022 a year. The US average is $69,021 a year.