Gustin, MI is an excellent place for renters looking to get more bang for their buck. Rent for a two-bedroom apartment is about 40% cheaper than the national average. The cost of groceries is also more affordable with the Grocery Cost Index at 91 compared to 100 at the national level. This small community has plenty of local business that make up its economy. Companies like Gustin Lumber, Gustin Automotive Repair, and Gustin Bakery provide important economic services to the area while creating jobs and contributing to tax revenue. With so many great amenities in close proximity, it's easy to see why residents love living in Gustin, MI.
Gustin has an unemployment rate of 7.4%. The US average is 6.0%.
Gustin has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Gustin
- The Sales Tax Rate for Gustin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gustin 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 Gustin
- The average income of a Gustin resident is $20,672 a year. The US average is $28,555 a year.
- The Median household income of a Gustin resident is $43,667 a year. The US average is $69,021 a year.