Forsyth, MI is a great place to live for those looking for a more affordable lifestyle. The average two-bedroom rent is $900, significantly lower than the national average of $1,430 per month. The cost of groceries is also lower in Forsyth with an index of 91 compared to 100 in the US.
The city of Forsyth offers many local businesses and amenities including a variety of restaurants, retailers, parks, libraries and other services that make it an ideal living area. M&M Pizza Palace is a popular local spot known for its delicious specialty pizzas. Lighthouse Farms Harvest Market provides fresh fruits and vegetables along with other groceries and household items at reasonable prices. Residents can enjoy their days off at Forsyth Park or catch up on reading at the Forsyth Library. Forsyth has something for everyone!
Forsyth has an unemployment rate of 5.9%. The US average is 6.0%.
Forsyth has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Forsyth
- The Sales Tax Rate for Forsyth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forsyth 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 Forsyth
- The average income of a Forsyth resident is $22,943 a year. The US average is $28,555 a year.
- The Median household income of a Forsyth resident is $54,924 a year. The US average is $69,021 a year.