Forestville, MI is a small town located in Michigan's upper peninsula. The city offers many local companies such as K&T Plumbing, Top Knotch Flooring, and Knappen Milling Machine Co. There is also plenty of different amenities to enjoy such as the Forestville Park, the Forestville Community Center, and the Forestville Public Library. Rent for two bedroom apartments in this city is much lower than the national average at only $800 compared to $1,430. The cost of living is very affordable with a grocery cost index of 93 compared to 100 in the US. All these factors make Forestville, MI an attractive place to live for people looking for an affordable yet quality lifestyle.
Forestville has an unemployment rate of 6.4%. The US average is 6.0%.
Forestville 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 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Forestville
- The Sales Tax Rate for Forestville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forestville 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 Forestville
- The average income of a Forestville resident is $21,912 a year. The US average is $28,555 a year.
- The Median household income of a Forestville resident is $34,500 a year. The US average is $69,021 a year.