Fairgrove, MI is a small town located in Michigan's midwestern region. It has a population of about 3,200 people and is known for its rural charm and affordability. The average rent for a two-bedroom apartment in Fairgrove is $850 per month compared to the national average of $1,430. Additionally, the grocery cost index for Fairgrove is 89 versus 100 in the US which indicates that food expenses are lower than the US average. Local businesses include Fairgrove Motors, L&L Towing and Auto Repair, and Paul's Grocery Store. Fairgrove provides an affordable cost of living making it an attractive option for those looking to live near rural charm but without breaking their budget.
Fairgrove has an unemployment rate of 6.3%. The US average is 6.0%.
Fairgrove 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 Fairgrove
- The Sales Tax Rate for Fairgrove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairgrove 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 Fairgrove
- The average income of a Fairgrove resident is $20,121 a year. The US average is $28,555 a year.
- The Median household income of a Fairgrove resident is $40,938 a year. The US average is $69,021 a year.