Canada Creek Ranch, MI is a quaint town that is known for its low cost of living. Renters can find two bedroom apartments in the area for $850 a month, significantly lower than the national average of $1,430. Grocery costs are also cheaper in Canada Creek Ranch than in the US; the Grocery Cost Index is 91 compared to 100 around the country. There are many local companies that make up its economic landscape including Canada Creek Landscaping, J&J Construction, and Smith’s Auto Shop. These businesses are essential to keeping the town vibrant and giving residents employment opportunities.
Canada Creek Ranch has an unemployment rate of 10.2%. The US average is 6.0%.
Canada Creek Ranch has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Canada Creek Ranch
- The Sales Tax Rate for Canada Creek Ranch is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Canada Creek Ranch 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 Canada Creek Ranch
- The average income of a Canada Creek Ranch resident is $25,420 a year. The US average is $28,555 a year.
- The Median household income of a Canada Creek Ranch resident is $63,357 a year. The US average is $69,021 a year.