Fraser, MI is a small city located just outside of Detroit. With a population of around 15,000 people, Fraser is an affordable place to live. Home to many local businesses including grocery stores such as Aldi and Wal-Mart, restaurants like Culver’s and Panera Bread, and other service providers such as Ace Hardware and Subway. Rent in Fraser for two bedroom apartments averages around $1,000 compared to the national average of $1,430. Additionally, the Grocery Cost Index rate in Fraser is 94 versus 100 in the US which shows that this city offers great affordability when it comes to groceries.
Fraser has an unemployment rate of 4.3%. The US average is 6.0%.
Fraser has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Fraser
- The Sales Tax Rate for Fraser is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fraser 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 Fraser
- The average income of a Fraser resident is $29,617 a year. The US average is $28,555 a year.
- The Median household income of a Fraser resident is $59,471 a year. The US average is $69,021 a year.