Hastings, MI is an attractive city for people looking to find a place to live at an affordable price point. The average 2 bedroom rent in Hastings is $880, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Hastings is 94 versus the national average of 100, further adding to the affordability of living here. Businesses such as D&W Fresh Market and Date Night Restaurant help to add to Hastings' appeal and provide locals with convenient options for daily errands and dining alike. Additionally, local stores like Walsh's Ace Hardware, Horrocks Market, and Allesee Optical Outlet offer residents a variety of goods that can't be found elsewhere.
Hastings has an unemployment rate of 4.9%. The US average is 6.0%.
Hastings has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Hastings
- The Sales Tax Rate for Hastings is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hastings 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 Hastings
- The average income of a Hastings resident is $21,463 a year. The US average is $28,555 a year.
- The Median household income of a Hastings resident is $50,287 a year. The US average is $69,021 a year.