Kalamo, MI is a charming small town located in the heart of the Midwest. It offers an affordable cost of living compared to other cities, with 2 bedroom rent averaging at $970 compared to the US average of $1,430. Groceries are also more reasonably priced in Kalamo with a local Grocery Cost Index of 93 versus 100 in the US. Residents have access to great amenities such as local restaurants, bars and shops. Popular stores include D&C Sports, Meijer grocery store and Ed’s Hardware. With its reasonable price tag and quality of life, Kalamo is an ideal place for young families looking for a new home.
Kalamo has an unemployment rate of 4.9%. The US average is 6.0%.
Kalamo has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Kalamo
- The Sales Tax Rate for Kalamo is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamo 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 Kalamo
- The average income of a Kalamo resident is $37,346 a year. The US average is $37,638 a year.
- The Median household income of a Kalamo resident is $85,114 a year. The US average is $69,021 a year.