Claybanks, MI is an attractive destination for people looking for a peaceful yet affordable living situation. The two-bedroom rent in Claybanks is very reasonable at $850 compared to the US average of $1,430. Additionally, the grocery cost index in Claybanks is much lower than the national average, making it a great place to save money on essentials. People who choose to reside in Claybanks can also benefit from the local businesses, such as Claybank's Pizza and Diner, Jaxon's Bike Store, and Smith Bookstore. These companies have been contributing to the area for many years and offer excellent service and prices. With its low cost of living and abundance of local business owners ready to serve their customers' needs, Claybanks is a desirable place to live.
Claybanks has an unemployment rate of 8.0%. The US average is 6.0%.
Claybanks 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 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Claybanks
- The Sales Tax Rate for Claybanks is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Claybanks 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 Claybanks
- The average income of a Claybanks resident is $26,134 a year. The US average is $28,555 a year.
- The Median household income of a Claybanks resident is $69,009 a year. The US average is $69,021 a year.