Fabius, MI is an attractive place to live with its affordable housing costs. The average 2 bedroom rent is $820 per month, which is significantly lower when compared to the U.S. average of $1,430 per month. Additionally, the Grocery Cost Index in Fabius is 93 versus 100 in the United States. This cost index indicates that groceries are slightly cheaper in Fabius than they are across the country. \nThe city of Fabius has a host of businesses that call it home including APi Group Inc., Superior Controls Inc., and Food Express Delivery Service LLC. These local companies provide employment opportunities as well as goods and services for residents in the area. In summary, living in Fabius means that you will enjoy affordable housing costs and grocery prices when compared to other areas throughout the U.S., as well as having access to a variety of local businesses within the city limits.
Fabius has an unemployment rate of 4.9%. The US average is 6.0%.
Fabius has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Fabius
- The Sales Tax Rate for Fabius is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fabius 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 Fabius
- The average income of a Fabius resident is $32,743 a year. The US average is $28,555 a year.
- The Median household income of a Fabius resident is $77,212 a year. The US average is $69,021 a year.