Butterfield, MI is a small town with a population of about 4,000 people. It has a range of local businesses including The Country Store and S & H Hardware. The cost of living in Butterfield is lower than the national average. In particular, rent for two bedroom apartments in Butterfield is $880 compared to the US average rent of $1,430 for two bedrooms. Additionally, the Grocery Cost Index in Butterfield is 90 compared to 100 in the US. This makes it more affordable for residents of Butterfield to buy food and supplies for their households. Overall, Butterfield provides an affordable lifestyle with plenty of local businesses to support its citizens.
Butterfield has an unemployment rate of 6.2%. The US average is 6.0%.
Butterfield 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Butterfield
- The Sales Tax Rate for Butterfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Butterfield 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 Butterfield
- The average income of a Butterfield resident is $24,120 a year. The US average is $28,555 a year.
- The Median household income of a Butterfield resident is $43,992 a year. The US average is $69,021 a year.