Broomfield, MI is a small town in Michigan with a population of just under 9,000 people. It is known for being home to several major businesses and organizations such as JCPenny Distribution Center, Broomfield Plastics, and EJ Basler. The town is also host to many great schools and universities such as the University of Michigan-Flint and Washtenaw Community College. Rent in Broomfield is comparatively lower than the average rent in the US, with 2 bedroom apartments going for around $860 compared to the US average of $1430. Additionally, Grocery Cost Index is 92 versus 100 in the US demonstrating that groceries are also relatively more affordable compared to other places in the country.
Broomfield has an unemployment rate of 5.5%. The US average is 6.0%.
Broomfield has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Broomfield
- The Sales Tax Rate for Broomfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Broomfield 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 Broomfield
- The average income of a Broomfield resident is $24,478 a year. The US average is $28,555 a year.
- The Median household income of a Broomfield resident is $64,000 a year. The US average is $69,021 a year.