Cheshire, MI is a small town located in Michigan with many local businesses. Companies such as Cheshire Motors and Cheshire Construction have become staples of the community. The cost of living is very reasonable, with two bedroom rentals averaging around $940 per month. Grocery Cost Index in Cheshire is 93 compared to the US average of 100, making food expenses more affordable than other parts of the country. This makes Cheshire an attractive destination for individuals looking for good value and community spirit.
Cheshire has an unemployment rate of 5.1%. The US average is 6.0%.
Cheshire has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Cheshire
- The Sales Tax Rate for Cheshire is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cheshire 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 Cheshire
- The average income of a Cheshire resident is $25,404 a year. The US average is $28,555 a year.
- The Median household income of a Cheshire resident is $57,609 a year. The US average is $69,021 a year.