Clare, MI is a small city located in Michigan that offers its residents an affordable cost of living. The average 2 bedroom rent in Clare is $830, while the US average 2 bedroom rent is $1,430. In addition to low rent costs, the grocery cost index in Clare is 92 versus 100 in the US. This makes it easier and more affordable for residents to shop for groceries.
Clare also has several businesses that make up its economy; among those include Carl’s Supermarkets, Bridgewood Builders Inc., and Clare Industrial Park. Carl’s Supermarket offers fresh produce and quality groceries at reasonable prices for local residents. Bridgewood Builders Inc. provides custom home building services along with remodeling and additions to existing homes. Clare Industrial Park houses multiple industries that allow the community to provide jobs to its citizens.
Clare has an unemployment rate of 8.1%. The US average is 6.0%.
Clare 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Clare
- The Sales Tax Rate for Clare is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clare 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 Clare
- The average income of a Clare resident is $17,570 a year. The US average is $28,555 a year.
- The Median household income of a Clare resident is $45,266 a year. The US average is $69,021 a year.