Cadillac, Michigan is an attractive city for those looking to save money on rent and groceries. The two bedroom rent price in Cadillac, MI is $870, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Cadillac, MI is 91 versus 100 in the US. This means that groceries are relatively cheaper in Cadillac than in other parts of the country.
The city is known for its local businesses such as J&J Motorsports LLC, Three Rivers Dental Care, and Cadillac Coffee Company. It also features popular nationwide chain restaurants such as Applebee’s Grill & Bar and fast food spots like McDonald's. All these businesses contribute to a vibrant downtown area while providing quality services at an affordable cost of living.
Cadillac has an unemployment rate of 6.2%. The US average is 6.0%.
Cadillac has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Cadillac
- The Sales Tax Rate for Cadillac is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cadillac 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 Cadillac
- The average income of a Cadillac resident is $19,943 a year. The US average is $28,555 a year.
- The Median household income of a Cadillac resident is $42,026 a year. The US average is $69,021 a year.