Fair Plain, MI is a great city to consider for relocation, given the low rental costs and grocery prices. The monthly rent for a two-bedroom residence in Fair Plain is $890, which is approximately 37 percent less than the US average of $1,430. Similarly, the Grocery Cost Index in Fair Plain is 90 versus 100 in the US – indicating that groceries can be purchased at lower rates in Fair Plain than in other parts of Michigan or across the United States. Popular local companies include Weise Auto Sales, Peak Insurance Solutions, and Anytime Fitness. From housing to groceries to entertainment needs, Fair Plain offers excellent value when compared to nationwide averages.
Fair Plain has an unemployment rate of 5.8%. The US average is 6.0%.
Fair Plain has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Fair Plain
- The Sales Tax Rate for Fair Plain is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fair Plain 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 Fair Plain
- The average income of a Fair Plain resident is $20,645 a year. The US average is $28,555 a year.
- The Median household income of a Fair Plain resident is $46,985 a year. The US average is $69,021 a year.