Denmark, MI is a small town located in Michigan that offers lower costs of living than much of the United States. The average two-bedroom rent is $770, compared to the national average of $1,430, and the grocery cost index in Denmark is 91 compared to 100 nationally. Despite its small size, Denmark has plenty for locals and visitors alike. It's home to great attractions such as Camp Kiwanis and the Delta County Historical Museum. Local companies include Northern Auto Parts Warehouse and Demmer Automotive Group. With low costs of living and plenty to do, Denmark is an attractive destination for many people.
Denmark has an unemployment rate of 6.3%. The US average is 6.0%.
Denmark has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Denmark
- The Sales Tax Rate for Denmark is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Denmark 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 Denmark
- The average income of a Denmark resident is $26,180 a year. The US average is $28,555 a year.
- The Median household income of a Denmark resident is $62,632 a year. The US average is $69,021 a year.