Grand Island, MI is a beautiful small town located on the banks of Grand River. The town offers a peaceful and quaint atmosphere with plenty of local amenities for its residents to enjoy. The cost of living is quite low, with two-bedroom rent costing only $840 per month, compared to the national average of $1,430. Grocery costs are also significantly lower in Grand Island, with an index of 91 versus 100 in the US.
The town is home to several companies, such as Grand Rapids Brewing Company and Great Lakes Distilling Co., which offer delicious locally brewed craft beers and spirits. Popular attractions include the Grand Island State Park and Preserve, North Beach Park, and Little Bohemia for unique shopping experiences. Visitors can also take part in kayaking or canoeing down the river or fish on one of its many fishing piers.
Grand Island has an unemployment rate of 8.8%. The US average is 6.0%.
Grand Island has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Grand Island
- The Sales Tax Rate for Grand Island is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Island 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 Grand Island
- The average income of a Grand Island resident is $17,605 a year. The US average is $28,555 a year.
- The Median household income of a Grand Island resident is $81,250 a year. The US average is $69,021 a year.