Croton, MI is a small city located in Michigan with a population of about 2,000 people. The city offers affordable living costs compared to the US average. For example, the 2 bedroom rent in Croton is only $1,020 which is much lower than the US average of $1,430. Additionally, grocery cost index in Croton is 93 versus 100 in the US. There are many local companies that make up the economy of this small city including; Croton Auto Parts LLC, Croton Cleaners & Laundry, and Croton Cabinet Co. All these businesses provide employment and contribute to the wellbeing of their community.
Croton has an unemployment rate of 6.0%. The US average is 6.0%.
Croton 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 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Croton
- The Sales Tax Rate for Croton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Croton 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 Croton
- The average income of a Croton resident is $21,145 a year. The US average is $28,555 a year.
- The Median household income of a Croton resident is $69,303 a year. The US average is $69,021 a year.