Flat Rock, MI is a great place to live and work with reasonable rents and low cost of living. The average 2 bedroom rent is $1,160 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Flat Rock, MI is also 97 compared to 100 in the US, indicating a more affordable option for groceries. There are many local companies that call Flat Rock home such as Michigan Tool & Die Corporation, Flat Rock Casting Company, Sashco Inc., Anchor Bay Technology Group and others that provide ample employment opportunities.
Flat Rock has an unemployment rate of 5.6%. The US average is 6.0%.
Flat Rock has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Flat Rock
- The Sales Tax Rate for Flat Rock is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Flat Rock 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 Flat Rock
- The average income of a Flat Rock resident is $24,772 a year. The US average is $28,555 a year.
- The Median household income of a Flat Rock resident is $60,792 a year. The US average is $69,021 a year.