Bengal, MI is a small city located in Michigan. It has a population of 2,000 and has access to plenty of amenities and services within the area. The cost of living is relatively low; 2 bedroom rent is only $930 compared to the national average which is $1,430. Moreover, grocery costs are also lower than the US average, with an index rating of 94 out of 100.
The local economy in Bengal, MI is mainly supported by businesses such as Big Elk Grocery Store, Thompson Auto Repair Shop and Brown Hardware Store. There are also several restaurants around town that offer delicious food from classic American dishes to international cuisines. Residents also enjoy the beautiful scenery at Lakeland Park and spending time outdoors at nearby hiking trails. With its friendly people and low cost of living, there's no doubt that Bengal, MI is a great place to live!
Bengal has an unemployment rate of 4.3%. The US average is 6.0%.
Bengal has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Bengal
- The Sales Tax Rate for Bengal is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bengal 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 Bengal
- The average income of a Bengal resident is $26,585 a year. The US average is $28,555 a year.
- The Median household income of a Bengal resident is $74,554 a year. The US average is $69,021 a year.