Ellsworth, MI is a small town in Michigan with a population of around 1,000 people. It is a great place to live due to its low cost of living. The average two bedroom rent is only $860 compared to the US average of $1,430 which makes it more affordable. Additionally, the Grocery Cost Index in Ellsworth is 91 versus 100 in the US making groceries more reasonably priced than other areas nearby.
Local companies include Ellsworth Family Farm which provides fresh produce and eggs from their family farm along with homemade jams and honey products at local farmers markets. Another local business is Jones Auto Body & Restoration where they specialize in antique car restoration as well as custom painting and auto body repairs. Finally, Finest Construction specializes in custom building homes for clients.
All in all, Ellsworth is an ideal location for those looking for a great quality of life while also having access to local businesses that help keep costs down.
Ellsworth has an unemployment rate of 7.8%. The US average is 6.0%.
Ellsworth has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Ellsworth
- The Sales Tax Rate for Ellsworth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ellsworth 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 Ellsworth
- The average income of a Ellsworth resident is $19,717 a year. The US average is $28,555 a year.
- The Median household income of a Ellsworth resident is $62,500 a year. The US average is $69,021 a year.