Chelsea, MI is a small town located in Michigan with a population of around 4,000 people. It is known for its small town charm and quaint local businesses such as the Chelsea Woolen Mill, Chelsea Clock Shop and the Chelsea Alehouse Brewery. The overall cost of living in Chelsea is quite low compared to other areas in the United States. Rent for a two bedroom apartment averages $1,410 per month which is slightly lower than the national average. Similarly, grocery prices in Chelsea are on par with the US average at 100 index points on the Grocery Cost Index. All in all, Chelsea offers great affordability while still being close to larger cities like Ann Arbor and Detroit.
Chelsea has an unemployment rate of 4.3%. The US average is 6.0%.
Chelsea 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 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Chelsea
- The Sales Tax Rate for Chelsea is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chelsea 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 Chelsea
- The average income of a Chelsea resident is $32,786 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea resident is $66,985 a year. The US average is $69,021 a year.