Belding, Michigan is a small city located in Ionia County with a population of around 5,500 people. It is known for its strong sense of community among residents, as well as its vibrant business life. In Belding, many companies have chosen to make their home, including The Belding Group Inc., Inlynx LLC, and Abacus Computer Services. One of the most attractive aspects of Belding is the affordable cost of living. On average, 2 bedroom rentals run about $960 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Belding is 93 versus 100 in the US; making it an excellent location for those looking to save money on everyday expenses.
Belding has an unemployment rate of 4.7%. The US average is 6.0%.
Belding has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Belding
- The Sales Tax Rate for Belding is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Belding 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 Belding
- The average income of a Belding resident is $17,210 a year. The US average is $28,555 a year.
- The Median household income of a Belding resident is $48,166 a year. The US average is $69,021 a year.