Danby, MI is a small town with an array of amenities. The 2 bedroom rent in Danby is $1,090 compared to the US average of $1,430 making it an attractive option for prospective renters. In addition, a grocery cost index of 95 versus the national average of 100 means groceries will be more reasonably priced than elsewhere. There are numerous local companies such as Smith’s Bakery and Danby Food Market that provide services to residents. With its relatively low cost of living and local businesses, Danby is an excellent place to live.
Danby has an unemployment rate of 4.7%. The US average is 6.0%.
Danby 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 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Danby
- The Sales Tax Rate for Danby is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Danby 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 Danby
- The average income of a Danby resident is $27,796 a year. The US average is $28,555 a year.
- The Median household income of a Danby resident is $73,889 a year. The US average is $69,021 a year.