Auburn, MI is a great place to live. With a 2 bedroom rent averaging at $910/month, Auburn is significantly cheaper than the US average of $1,430/month for similar housing arrangements. Furthermore, the grocery cost index in Auburn is 91, whereas the national average is 100; this means groceries are even more affordable in Auburn. The town has grown over the years with local businesses such as D & K Construction and Papa's Pizza. Additionally, there are several great activities and places to visit such as The Great Lakes Crossing Outlets and Crossroads Village & Huckleberry Railroad. All of these factors make living in Auburn an attractive option for potential residents looking for a low-cost-of-living city.
Auburn has an unemployment rate of 6.4%. The US average is 6.0%.
Auburn has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Auburn
- The Sales Tax Rate for Auburn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Auburn 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 Auburn
- The average income of a Auburn resident is $29,648 a year. The US average is $28,555 a year.
- The Median household income of a Auburn resident is $55,662 a year. The US average is $69,021 a year.