Coloma, MI is an increasingly desirable place to live due to its affordability and small-town charm. The average 2 bedroom rent in Coloma is $970, significantly lower than the national average of $1,430, making it much easier for its citizens to make ends meet. Additionally, the Grocery Cost Index in Coloma stands at 92 compared to 100 in the US; this means that groceries cost less overall as well.
The city also offers several local business such as Second Chance Antiques & Collectibles offering unique shopping experiences and services for all ages and levels of experience, FEDS Pizza serving delicious pizzas with fresh ingredients, Sal's Auto Repair providing affordable auto repairs from brakes to engines and more, and Casa Real Mexican Restaurant serving traditional Mexican cuisine.
Living in Coloma provides many advantages combined with quality services which makes it a great choice for those looking for a comfortable living situation without breaking the bank.
Coloma has an unemployment rate of 5.8%. The US average is 6.0%.
Coloma has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Coloma
- The Sales Tax Rate for Coloma is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coloma 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 Coloma
- The average income of a Coloma resident is $19,974 a year. The US average is $28,555 a year.
- The Median household income of a Coloma resident is $51,250 a year. The US average is $69,021 a year.