Frost, MI is a small rural town located in Michigan. The cost of living is significantly lower than other parts of the United States, as two-bedroom rent in Frost is only $760 compared to the national average of $1,430. Additionally, the Grocery Cost Index is much lower in Frost than it is nationally at 89 versus 100 respectively. There are numerous local businesses that contribute to the community such as Frost Farms Dairy, Berry Brothers Produce, Bigg's Gun Store and Custom Taxidermy Studio, and Frick's Auto Repair Shop. These businesses provide citizens with everyday necessities and help foster a sense of togetherness among residents.
Frost has an unemployment rate of 8.1%. The US average is 6.0%.
Frost has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Frost
- The Sales Tax Rate for Frost is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frost 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 Frost
- The average income of a Frost resident is $21,752 a year. The US average is $28,555 a year.
- The Median household income of a Frost resident is $39,853 a year. The US average is $69,021 a year.