Charlton, MI is a small town located in Michigan with a population of just over 1,900 people. Charlton is an ideal place to live for those looking for a quiet town away from bustling city life. Rent prices in Charlton are notably lower than the US average, with 2 bedroom apartments renting out at around $880 per month while the US 2 bedroom rent averages out to $1,430. Grocery costs are also comparatively cheaper in Charlton when compared to the rest of the United States as its index is 91 versus 100. Local businesses in Charlton include Ryan's Auto Care Inc., King’s Salon & Spa, B & C Small Engine Repair and Garden Center, and Rinker Tree Service LLC. When compared to many other cities across the USA, Charlton offers a relatively affordable lifestyle with cheaper rental prices and grocery costs that are especially appealing to newcomers trying to save money on living expenses.
Charlton has an unemployment rate of 6.9%. The US average is 6.0%.
Charlton 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 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Charlton
- The Sales Tax Rate for Charlton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Charlton 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 Charlton
- The average income of a Charlton resident is $28,229 a year. The US average is $28,555 a year.
- The Median household income of a Charlton resident is $62,222 a year. The US average is $69,021 a year.