Bunker Hill, MI is an attractive place for businesses to open up shop due to its relatively low cost of living. The 2 bedroom rent is just $1,080 compared to $1,430 in the US, and the Grocery Cost Index is 94 versus 100 in the US. This makes it possible for businesses to save money while still having access to all the amenities they need. The city also offers a number of attractions that can draw visitors and customers from nearby areas. Local companies such as Bunker Hill Dry Cleaners, Bunker Hill Automotive Repair, Bunker Hill Florist and more have chosen to set up shop here because of these benefits. Not only do they get to keep their costs down, but they also benefit from being able to reach a large audience with their services or products. All in all, Bunker Hill is an ideal place for businesses aiming for success!
Bunker Hill has an unemployment rate of 5.2%. The US average is 6.0%.
Bunker Hill 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 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Bunker Hill
- The Sales Tax Rate for Bunker Hill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bunker Hill 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 Bunker Hill
- The average income of a Bunker Hill resident is $22,829 a year. The US average is $28,555 a year.
- The Median household income of a Bunker Hill resident is $66,075 a year. The US average is $69,021 a year.