Gladstone, MI Economy


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Gladstone, MI is an excellent place to live. The city has a small population of around 6,000 people, making it a perfect location for those looking for a peaceful and relaxed atmosphere. With a two-bedroom rent of only $810 per month, Gladstone is one of the most affordable places to live in Michigan. In addition to this, the Grocery Cost Index in Gladstone is 90 compared to 100 in the US, making groceries much more affordable here than in other places around the country.
Gladstone is home to some great companies such as Bay Bank & Trust and Robyn's Nest Childcare & Preschool. Residents can also enjoy shopping at stores like Gladstone Supermarket or dining at restaurants like Jim's Place Bar & Grille.
In summary, living in Gladstone gives residents access to great local businesses while also providing them with an affordable cost of living. With low rent prices and grocery costs, it's no wonder why many people call this city home.

Gladstone has an unemployment rate of 6.4%. The US average is 6.0%.

Gladstone 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 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Gladstone
- The Sales Tax Rate for Gladstone is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gladstone 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 Gladstone
- The average income of a Gladstone resident is $21,725 a year. The US average is $28,555 a year.
- The Median household income of a Gladstone resident is $54,528 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGladstone, MichiganUnited States
  6.46
  -4.9%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,705$37,638
  $54,528$69,021
  $66,250$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  7.1%6.8%
  15.7%10.0%
  1.4%2.5%
  10.6%11.0%
  5.7%4.8%
  1.1%0.8%
  1.8%1.9%
  4.4%4.7%
  0.0%1.9%
  1.6%7.6%
  0.0%0.1%
  4.0%4.2%
  8.1%9.3%
  16.3%14.0%
  0.8%2.1%
  9.7%7.0%
  8.7%4.8%
  1.9%4.7%
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