Forest Home, MI is a small town located in the west Michigan area. It is known for its quaint charm and great affordability. According to the content above, the cost of rent for a two-bedroom apartment is quite low at $830 per month compared to the US average of $1,430. Additionally, its grocery cost index sits at 94 versus 100 in the US. These factors make Forest Home an attractive place to live for those looking to be surrounded by nature while remaining close enough to larger cities like Grand Rapids and Kalamazoo. The town has many family-owned businesses such as Kramer’s Store, Maple Valley Farm Market, and Anderson Saw Mill just to name a few. With so much to offer it's no wonder that more people are choosing Forest Home as their home!
Forest Home has an unemployment rate of 7.8%. The US average is 6.0%.
Forest Home 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 Forest Home
- The Sales Tax Rate for Forest Home is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forest Home 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 Forest Home
- The average income of a Forest Home resident is $30,272 a year. The US average is $28,555 a year.
- The Median household income of a Forest Home resident is $67,050 a year. The US average is $69,021 a year.