Concord, MI is a small city located near Lake Michigan. It offers a quiet atmosphere with plenty of outdoor recreation opportunities. The town is home to several companies such as Sunoco, K&B Industries, and American Tool & Die Corporation. Despite being a small city, the cost of living in Concord is relatively low compared to other parts of the US. For example, rent for a two bedroom apartment is only $910 per month compared to the national average of $1,430. Additionally, the Grocery Cost Index in Concord is 94 compared to 100 in the US. This indicates that groceries are 6 percent cheaper than on average throughout the country. Thus, Concord provides an affordable and peaceful place to live.
Concord has an unemployment rate of 5.9%. The US average is 6.0%.
Concord has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Concord 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 Concord
- The average income of a Concord resident is $20,948 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $57,381 a year. The US average is $69,021 a year.