Bainbridge, MI is a small city in Michigan with a population of about 2,945 people. It is known for its rural atmosphere and low cost of living. The average two-bedroom rent in Bainbridge is $920 per month compared to the US average of $1,430 - much cheaper than the national average. The grocery cost index in Bainbridge is also lower than the national rate at 91 versus 100 on the US index.
Bainbridge has plenty of local companies and amenities available to residents including Arnold Cleaners, Riverview Café, and Bainbridge Hardware & Supply. There are many outdoor activities around as well such as cross-country skiing trails at Bair Lake Park or fishing trips down Shiawassee River. Residents can also enjoy various festivals throughout the year such as strawberry festivals or trout derbies. All of these attractions make Bainbridge an ideal place to live for those looking for a small town atmosphere without sacrificing easy access to modern amenities.
Bainbridge has an unemployment rate of 5.8%. The US average is 6.0%.
Bainbridge 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 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Bainbridge
- The Sales Tax Rate for Bainbridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bainbridge 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 Bainbridge
- The average income of a Bainbridge resident is $24,339 a year. The US average is $28,555 a year.
- The Median household income of a Bainbridge resident is $62,813 a year. The US average is $69,021 a year.